Iran and Russia signed an MoU to expand cooperation in the field of steel production as well as mining and oil and gas sectors in Tehran on Tuesday.
The memo was signed in a ceremony attended by Mansour Moazzemi, the head of the Board of Directors of the Industrial Development and Renovation Organization (IDRO) of Iran, Director of IDRO's Public Relations Affairs Ahmad Araqchi, Russian Ambassador to Iran Levan Dzhagaryan and the deputy head of the Russian Trade and Economic Development Council (RTEDC), IRNA reported.
RTEDC is a non-profit NGO with more than 10,000 important Russian economic companies as subsidiaries.
Speaking at the signing ceremony, Moazzemi said relations between Iran and Russia are long-term and strategic.
He added Iran's policy and priority is to strengthen relations with those countries which did not sever economic and trade ties with the Middle Eastern state at the height of the Western sanctions.
Turning to the memo signed between the two countries, IDRO chief said it is good to sign such agreements, but it would be better to implement them.
"We are required to use the favorable opportunities Russia has provided Iranian companies with."
He added the Russian delegation is the 100th foreign team to visit Iran since the Joint Comprehensive Plan of Action (JCPOA) signed between Iran and P5+1 went into force.