BAKU, Azerbaijan, June 17. Deputy President and Chairman of the Board of VTB Anatoly Pechatnikov said at the St. Petersburg International Economic Forum that VTB's representative office in Iran can already conduct the first transaction at the end of this year or the beginning of next, Trend reports.
The main goal of opening a representative office in Iran, according to Pechatnikov, is to study the practice of working under the conditions of restrictions that Iran has been facing for a long time. So far, no practical deals have been made with Iranian counterparts. However, the Deputy President expressed confidence that the first deals are possible at the end of this year or the beginning of the next. Iran has large transport and port development programs that are of interest to VTB and the Russian Ministry of Transport.
Pechatnikov noted that it is necessary to assess the demand from Iranian partners in order to consider other forms of cooperation.
In May this year, Deputy Minister of Trade, Industry and Mines of the Islamic Republic of Iran, Alireza Peymanpak, announced that VTB opened its representative office in Iran.