Iran authorizes businessmen to use 5 banks in Russia
Tehran, Iran, February 22
By Mehdi Sepahvand - Trend:
Iran has suggested that its businessmen willing to work with Russian counterparts should only use one of five banks considered as safe and reputable by Tehran.
Iran’s Trade Attaché to Moscow Farhad Parand said the five banks are MIR Business Bank, Sberbank, VTB bank, Gazprombank, Rosselkhozbank, ISNA news agency reported February 22.
Parand commented that according to reports, in 2012 there were 900 banks and credit institutes in Russia, but by the end of 2016 over 350 of them got their licenses cancelled.
He further said it is predicted that of the remaining 550 banks and institutes, 300 more will lose their licences in three years.
The trade turnover between Tehran and Moscow jumped by 80 percent in 2016. According to Iranian sources, in the first seven months of the current Iranian year (since March 20), Iran exported worth $86.5 million goods to Russia.
In February, Mohammad-Reza Hoseinzadeh, the head of Bank Melli Iran, told Dmitry Skobelkin, the deputy governor of the Central Bank of the Russian Federation, that Bank Melli Iran had established proper correspondent banking ties with several Russian banks.