News ID: 204216
Published: 0330 GMT November 12, 2017

Envoy: Iran-Russia trade to increase

Envoy: Iran-Russia trade to increase

Tehran and Moscow are planning to considerably boost trade exchanges, said Iran's ambassador to Russia.

According to Fars News Agency, Mehdi Sanaei underlined, "We believe that trade transactions between Iran and Russia should reach $10 billion annually and we hope to attain this figure given the measures which have been adopted, especially in the field of energy."

He noted that trade between the two countries increased by 70 percent last year compared to the figure for the year earlier, adding that Iran's exports to Russia also increased 38 percent in the past six months.

In relevant remarks in March, Iranian President Hassan Rouhani underlined that Tehran and Moscow are determined to considerably boost trade ties.

"Iran and Russia will increase the value of their trade exchanges to $10 billion," President Rouhani said on return from a trip to Russia.

The Iranian president said that after the implementation of the nuclear deal, except for the banking issue, all the goals pursued by Iran have been achieved.

During his visit to Moscow in March, President Rouhani and his Russian counterpart Vladimir Putin issued a joint statement to broaden mutual cooperation in various fields.

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