News / Economy

Iran, Russia taking partnership to new levels

Friday, 29 July 2016 6:02 PM [ Last Update: Friday, 29 July 2016 6:02 PM ]

Russia’s Energy Minister Alexander Novak says Tehran and Moscow are working on a roadmap for dozens of joint industrial projects.

More signs have appeared showing that Russia is already working on what may be a special industrial alliance with Iran. The country says it is preparing a road map for dozens of joint industrial projects with Iran, adding that it would be signed by the related officials of the two countries in the near future.

The announcement has been made by Russia’s Energy Minister Alexander Novak after a meeting with the visiting Iranian Minister of Information and Communications Technology Mahmoud Vaezi.

"My colleague from Iran and I agreed to sign a road map in the near future on industrial projects. This map now is being worked out. On it are more than 70 projects, which will be implemented between Iran and Russia," Novak has been quoted as saying by the Russian media.

Novak said relations between Russia and Iran "have reached a new, unprecedented level”. He added that a state visit to Tehran by the Russian President Vladimir Putin last November had already given a fresh boost to efforts by the two countries to expand their relations.

The Russian official further emphasized that Iran and Russia will soon sign over a dozen agreements that he said would facilitate trade between the two countries.

The agreements, Novak said, would specifically simplify procedures for transporting goods between the countries, customs formation and investing.

"The main delay is the issue of monetary relations, interbank cooperation. We agreed to continue this work in order to open correspondent accounts, provide lending and increase investments," he has been quoted as saying by ITAR-TASS.

On a related front, Vazei, who co-chairs the Russian-Iranian intergovernmental commission on trade and economic cooperation, told reporters that the governor of the Central Bank of Iran (CBI) will soon visit Moscow for talks regarding banking issues between the two countries.

"We have agreed that the president of the Central Bank of Iran will pay a visit to Russia," Vaezi told reporters without providing any further details.

Press TV’s website can also be accessed at the following alternate addresses:

www.presstv.co.uk