Mir Business to Fast Track Iran-Russia Banking Ties

As lackluster banking relations have hampered Iran’s economic prospects despite the lifting of sanctions after the implementation of the 2016 nuclear deal, it looks like the country’s ties with Russia and banking links are expanding.
Mir Business Bank, the Russia-based subsidiary of Bank Melli Iran, is also to play an instrumental role in the expansion of Iran-Russia banking relations.
Representatives of the Iran-Russia Chamber of Commerce on Monday met with Mir Business Bank’s CEO Mohammad Hazzar to discuss the facilitation of Russian ties through the bank, the official news portal of Iran Chamber of Commerce, Industries, Mines and Agriculture reported.