Iran, Russia Sign Financial Cooperation Agreement

Iran and Russian central banks signed agreements to boost ties on new financial and monetary fronts as part of the latest Iran-Russia Banking & Financial Group Meeting on Thursday.  
During the meeting, which took place between Hossein Yaqoubi Miab, Iran central bank’s deputy for international affairs and Bank of Russia deputy chief Dmitry Skobelkin in Tehran, the two sides signed a document to strengthen  financial cooperation and remove the existing barriers in the way of normal banking relations. 
As reported by the CBI website, the agreement includes  directions for reducing the time and paperwork involved for Iranian banks when they open accounts with their Russian peers.