...

Russian official calls for closer Tehran-Moscow trade ties

Iran Materials 5 July 2018 23:31 (UTC +04:00)

Tehran, Iran, July 5

By A. Shirazi - Trend:

Deputy Governor at Central Bank of the Russian Federation Dmitry Skobelkin said the promotion of banking ties between Tehran and Moscow is a prerequisite for enhanced economic and trade relations between the two countries.

“Iran and Russia’s central banks have put direct banking relations among the two countries’ financial institutes and further inter-banking trust high on the agenda,” Skobelkin said in a meeting in Tehran with Hossein Yaqoubi, director general of CBI’s (Central Bank of Iran) International Affairs Department, on July 5.

Referring to the two nations’ banking potential, he expressed the hope that Tehran and Moscow could use their all-out capacities to help increase the volume of trade and economic transactions between Iran and Russia.

The central bank of Russia is ready to remove all hurdles in the way of the two countries’ economic boom, Skobelkin said.

Yaqoubi, for his turn, called for the expansion of banking cooperation between the two countries, saying, “Russia is one of the most trustworthy partners of Iran in different sectors and Iran welcomes further promotion of banking and financial ties between the two countries”.

On June 9, the presidents of Iran and Russia in a meeting in China highlighted the need to maintain and promote economic relations between the two countries.

Voicing Iran’s support for stronger economic interaction with the Eurasian Economic Union under a free trade agreement, the Iranian president noted that Russia’s involvement in the North-South railroad corridor would open up perfect opportunities for economic cooperation with the East.

For his part, Vladimir Putin underlined that Russia will keep working with Iran in the economic arena, energy swap and defense programs, hailing the “good prospect” for economic cooperation between the two sides.

Latest

Latest