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Iran's Exports to Russia Double to Record High of $800m in 2020

Iran's Exports to Russia Double to Record High of $800m in 2020
Iran's Exports to Russia Double to Record High of $800m in 2020

Iran exported $800 million worth of commodities to Russia in 2020 to register a 105% increase compared with 2019. 
The volume of exports, according to Iran’s Ambassador to Russia Kazem Jalali, is a record high in the two neighbors’ bilateral trade.
“The increase in exports came despite the outbreak of Covid-19 last year as well as the intensification of the unilaterally imposed US sanctions on Iran’s economy,” Jalali was also quoted as saying by IRNA.
Among the reasons for the rise in exports over the period, the envoy explained, is the preferential trade agreement between Iran and the Eurasian Economic Union, which came into effect in October 2019.

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