Envoy: Volume of Iran Export to Russia Surpasses $2 Billion
Iran's ambassador to Moscow Kazem Jalali said the volume of export of Iranian products to Russia has surpassed 2 billion dollars in 2023, showing a considerable rise compared to previous years.
Jalali added the real figure of exports to Russia could be higher than this as part of the export was carried out through member states of the Eurasian Economic Union like Kazakhstan. He also pointed out the Iran-Russia cooperation in the banking and finance sectors is on the rise and that proper agreements have been made the execution of which would remove many financial and banking hurdles in the cooperation between the two countries. Iran's ambassador to Russia added Iran and Russia are doing their best to increase their transactions using national currencies, saying Tehran and Moscow are seeking this seriously.Meanwhile, the deputy head of the Central Bank of Iran (CBI) has stated that Tehran and Moscow have officially switched from the West’s SWIFT financial clearing system to a direct interbank transfer mechanism. Mohsen Karimi told Iranian state television that the system allows companies in both countries to trade in their respective national currencies instead of using the dollar or euro. “We have linked the financial correspondence networks of the two countries,” he explained.
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