Iran-Russia Relations

Russian President Vladimir Putin signed a bill ratifying a temporary agreement on the formation of a free trade zone between the Eurasian Economic Union and Iran on Wednesday.

Trade between Iran and Russia during the first half of 2018 stood at more than $945 million, which shows a 28.3% increase compared with the corresponding period of last year, according to data…

Proposals by Russia’s Zarubezhneft Company for developing three oil fields in western Iran have been studied by the National Iranian Oil Company's Reservoir Management Committee. Experts…

Iran traded 956,662 tons of non-oil commodities worth close to $751.38 million with Russia during the first half of the current Iranian year (March 21-Sept. 22).   This marks a 25.7%…

During his Moscow tour the CBI boss Abdolnaser Hemmati met his counterpart Elvira Nabiullina to discuss bilateral banking and financial relations, the CBI website reported on Thursday.

The Energy Ministry has been appointed as the body responsible for Iran’s joint economic commissions with Russia and Germany.

This was proposed by Foreign Minister Mohammad Javad Zarif…

Banking problems to open a letter of credit for the construction of a 1,400-megawatt thermal power plant in southern Hormozgan Province have been resolved, the managing director of Iran’s…

Iran traded 645,158 tons of non-oil commodities worth $546.24 million with Russia during the first four months of the current fiscal year (March 21-July 22).  This marks a 33.93% and 130.35…

Governor General of Mazandaran Province Mohammad Eslami and his counterpart from Russia’s Volgograd Oblast, Andrey Bocharov, signed a memorandum of understanding to strengthen economic and…

China and Russia have reaffirmed their commitment to the Iran nuclear deal, saying that they will continue to cooperate with Tehran. 

Finance agreements Iran signed with China and Russia after the 2015 multilateral nuclear accord are still valid, despite the US reimposition of sanctions against Tehran, an official at the…

Russia is committed to its domestic oil producers and it is a mistake to think that Moscow's current policy toward the oil market is a betrayal of Tehran's trust.

Reza Modir, the Oil…

The US sanctions will not affect Iran’s railroad cooperation with Russia, which will continue to expand just as the previous round of sanctions failed to impact their railroad construction…

Iran's Oil Minister Bijan Namdar Zanganeh met his Russian counterpart, Alexander Novak, in Moscow on Monday.

Iran traded 470,706 tons of non-oil commodities worth $459.94 million with Russia during the first three months of the current Iranian year (March 21-June 21), registering a 28.48% and 154.77%…

Russia is looking to establish a regional payment network in the foreseeable future and Iran can become a member if it meets the technical requirements, the chief executive of Informatics…

A media delegation from, Russia comprising leading press and broadcast representatives on Tuesday met with managers of Donya-e-Eqtesad Media Group at the company’s head office in Tehran. …

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. …

The Central Insurance of Iran, the industry’s main regulator, signed an agreement with the Russian National Reinsurance Company on Wednesday. It provides for greater engagement between the two…

The major project to electrify the 430-kilometer-long railroad connecting the city of Garmsar in Semnan Province with the city of Incheh Borun to its northeast in Golestan Province is starting…

Russia will soon expand its cooperation with Iran in comprehensive marine studies on the Iranian part of the Caspian Sea in a wide range of areas, the head of Geological Survey and Mineral…

Gazprom, Russia’s fourth largest gas producer, is mulling over taking part in development of Farzad-A and Farzad-B, a large gas reservoir in the Persian Gulf, a senior official at Gazprom said…

Krasnodar Krai, a federal subject of Russia, located in the North Caucasus region in southern Russia, could become a new target for Iranian traders and businesspeople, the chairman of Iran-…

Iran and Russia are currently conducting bilateral trade in their local currencies, rial and ruble respectively, as well as euro, a former official of Iran-Russia Chamber of Commerce said.

The state monopoly Russian Railways considers its project on the electrification of the railroad in Iran completely civilian and not subject to US sanctions, the company’s CEO Oleg Belozerov…