News ID: 173332
Published: 0700 GMT December 06, 2016

Iran, Russia discuss plans to hold economic commission meeting

Iran, Russia discuss plans to hold economic commission meeting

Iran and Russia discussed arrangement s to hold the next meeting of the two countries’ joint economic commission.

In an meeting between Iran's Ambassador to Russia Mehdi Sanaei and Russian Energy Minister Alexander Novak in Moscow on Tuesday, the two sides explored avenues for promoting economic relations and exchanged views on ways to derive the maximum benefit from the 13th meeting of the joint economic commission meeting, Tasnim News Agency reported.

Sanaei and Novak also agreed that the two countries sign a document to construct and operate four thermal power plants in the southern Iranian port city of Bandar Abbas within the framework of the joint economic commission.

It was also agreed that within the same framework, Iran and Russia would establish a joint energy commission.

Iran and Russia have ramped up efforts in recent months to boost trade following the implementation of the Joint Comprehensive Plan of Action (JCPOA), a nuclear deal between Iran and the P5+1 (Russia, China, the US, Britain, France and Germany).

The JCPOA, which went into effect on January 16, terminated all nuclear-related sanctions on the Islamic Republic.

In August, Russia's Ambassador to Iran Levan Dzhagaryan said trade between Tehran and Moscow has grown 70.9 percent year-on-year terms following the removal of anti-Tehran sanctions.

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