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Iran, Russia sign documents to boost economic ties

Business Materials 24 December 2015 13:13 (UTC +04:00)

Baku, Azerbaijan, Dec. 24

By Khalid Kazimov - Trend:

Russian First Deputy Prime Minister Igor Shuvalov and Iranian Minister of Communications and Information Technology Mahmoud Vaezi have signed two documents in investment and veterinary fields, IRIB news agency reported Dec. 23.

In the framework of a joint economic commission, Iran and Russia have discussed expansion of ties in various spheres of regional, political, security, international, scientific, cultural and in particular economic field, Vaezi told reporters.

Pointing to President Vladimir Putin's November visit to Tehran, Vaezi said that the negotiations will open a new chapter in ties between Iran and Russia.

Vaezi expressed hope that the volume of trade between Iran and Russia in various sectors will increase in the future.

Speaking about the ongoing visit to Tehran paid by a high ranking Russian delegation, Vaezi announced that banking ties and credit lines were discussed during the meetings between Russian and Iranian sides.

According to Vaezi, Tehran and Moscow have agreed to give support for investors from both countries who plan to cooperate in joint projects.

Briefing about the fields of cooperation between Tehran and Moscow, Iranian minister urged for the expansion of cooperation in agricultural sector as well.

According to Vaezi President Putin as well as Russian Prime Minister Dmitry Medvedev will monitor the expansion of economic ties with Iran.

In turn, Russian First Deputy Prime Minister Igor Shuvalov criticized the low level of the current volume of trade between Iran and Russia, and called for the boosting the volume of trade.

Shuvalov said that Iranian President Hassan Rouhani and his Russian counterpart Putin have agreed on a railway project and construction of a thermal power plant.

He said that the joint economic commission studies over 40 projects and expressed hope that they will be implemented soon.

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