Young Journalists Club | Latest news of Iran and world

News ID: 5852
Iran » Iran
Publish Date: 16:56 - 27 December 2014

Tehran, YJC. Iran and Russia have made agreements to strengthen trade ties in 2015 through the simplification of the exchange of their national currencies.

Mahdi Sanaei, Iran’s Ambassador to Russia, and Igor Morgulov, Russian Deputy Foreign Minister, in a meeting in Moscow discussed plans for the expansion of relations in 2015.

According to the two figures, Iran and Russia will in 2015 take the necessary measures to facilitate the exchange of Iranian rial and Russian rouble. They are going to open a joint account as well.

The two countries also plan to ink a series of agreements, which include deals on visa regime, cultural cooperation and reciprocal investment.

The enhancement of cooperation between the two nations’ diplomatic bodies is on agenda, as well as signing contracts on judiciary and insurance sectors.

Iran and Russia agreed in September to strengthen cooperation in the economic sphere and to use national currencies in bilateral trade.

Russia imports between seven to ten billion dollars’ worth of fruits and dried fruits mainly from European countries on an annual basis.

But with EU and US sanctions imposed Russia over the developments in Ukraine, the country has introduced restrictions on the fruit it imports from European countries.

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