Iran and Russia To Speed Up Banking Cooperation

Iran and Russia on Friday agreed to take steps to broaden banking and monetary cooperation as well as enhancement of trade and economy.

Governor of the Central Bank of Iran (CBI), Ali Salehabadi during his visit to Moscow met with Deputy Prime Minister of Russia Alexander Novak and discussed strategies to remove barriers and accelerate joint investment projects between the two countries.

During the meeting, Novak stressed on improving trade and economic relations between Moscow and Tehran and expressed Russia’s eagerness to expand ties with Iran on all fronts.

“Russia considers economic relations with Iran as a priority and necessity for both the countries,” Novak said, and “highly” extolled the current banking cooperation between the two countries.

“Mutual understanding between the central banks of Iran and Russia is an important step toward opening and enhancing trade cooperation,” Novak added.

Salehabadi and Novak officials also discussed joint investments in areas of transport infrastructure, oil and gas sectors and petrochemicals.

Iran’s CBI governor Salehabadi also met with Minister of Economic Development of the Russian Federation Maxim Gennadyevich Reshetnikov, where they agreed to take steps in removing obstacles in the way of mutual trade expansion and cooperation.  

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