The annual trade between Iran and Russia stood at $2 billion during last year; it can be raised to $10 billion, Hadi Tiz’housh Taban told IRNA.
Referring to sanctions imposed by the US on Iran, Taban said Iran should adopt a new approach to develop exports to Russia.
Touching upon the agreement reached with the member states of the Eurasian Economic Union (EEU), the official said the move can facilitate the presence of Iranian traders in the EEU market.
The EEU member countries include Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.
The official went on to say that the rail link project, which became operational in the past months between Iran and the northern neighboring country of Azerbaijan has created an opportunity for boosting trade exchange.