Iran, Russia boosting trade ties amid sanctions
Marina Kortunova
Press TV, Moscow
Business experts from Iran and Russia have met in the Russian capital to discuss and review bilateral ties between Tehran and Moscow.
The West has declared the collapse of the Russian economy as its goal over its offensive in Ukraine. Moscow, however, says the sharp rise in prices of fuel, grain and other goods, as well as record inflation hit unfriendly countries almost harder.
In the meantime, Russia is reorienting its economy to new markets. And Iran is one of them. Level of trade between Russia and Iran hit a new record in 2021, surpassing the equivalent of $4 billion, with Russian exports to Iran accounting for more than $3 billion of that figure and Russian imports reaching $967.3 million, up 21.4 percent more than a year earlier.
During a meeting between business circles of the two countries, businessmen and economic experts discussed readiness from both sides to increase their trade level.
Meanwhile, entrepreneurs from both countries say they are looking for opportunities to enter the market of the opposite countries.
As western countries are increasing their economic pressure on Russia, the country has focused on rapid import substitution and the markets of other countries that have not imposed sanctions on Moscow. Iran has also announced agreements with Russia on the use of national currencies in trade.
Forum participants note that Russia can use the experience of countries like Iran to foil western sanctions. They also say boosting economic partnership between Moscow and Tehran will help both countries contain western pressure.
Conference explores peace dynamics in West Asia
German government collapses
Congress on Trauma explores medical challenges in Gaza
Israel’s aggression inflicts $8.5 billion in economic losses on Lebanon: World Bank
Hezbollah attacks Israeli military bases in Tel Aviv, Haifa
Hezbollah strikes multiple Israeli targets in fresh retaliatory operations
VIDEO | New Zealand: Maori MPs protest in parliament with Haka war dance
Pezeshkian: World has come to believe Iran seeks peace, security
Houthi: US bombs inflame, escalate wars of extermination in West Asia
VIDEO | Press TV's news headlines
UN report says Israel’s methods in Gaza align with ‘genocide’
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
