Large Russian delegation arrives in Tehran for economic talks

Economy Materials 11 December 2016 17:53 (UTC +04:00)

Baku, Azerbaijan, Dec. 11
By Khalid Kazimov – Trend:

A high-ranking Russian delegation including two ministers has arrived in Iranian capital city of Tehran to discuss expansion of bilateral trade ties.

Mehdi Mohtashami, an Iranian deputy ICT minister, has said that the 13th meeting of Iran-Russia Joint Economic Commission was launched this morning in Tehran, Tasnim news agency reported.

The 590- member delegation will attend several meetings with Iranian counterparts to discuss ways for expansion of ties in various areas, the report said.

According to the official the trade turnover between the two countries currently stands at $1.5 billon which is expected to hit $2.5 billion over the next year.

According to the deputy minister, Russia is expected to invest in several projects in Iran including the construction of two thermal power plants in southern parts of the country as well as a project on the electrification of a railroad in north eastern Iran.

In the meantime, Iranian media outlets have reported that Russia’s Energy Minister Alexander Novak would visit the Islamic Republic on Tuesday for talks on ways to expand Iran-Russia energy relations.