Negotiations of a Russian bank in Tehran for the growth of currency exchanges

Negotiations of a Russian bank in Tehran for the growth of currency exchanges
  • 2021-01-27
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The head of the Russian Federation's trade mission announced the growth of Iran-Russia trade relations despite the sanctions and said: "A Russian bank was in Tehran last week to expand monetary exchanges with Iran."

According to the International Iranian Stone Exhibition, Rostam Zhiganshin, Head of the Trade Representation of the Russian Federation, said today at the Banking Interaction Panel of the Iran-Eurasia Economic Opportunities Conference: "Iran and Russia can establish banking relations and continue banking relations through Mirbusiness;" In addition, several Russian banks can join this path.

He added: "Meanwhile, another bank has already started negotiations in Tehran in order to expand the level of cooperation."

According to Jiganshin, up to 50 percent of the ruble is used in Russian trade; Meanwhile, Iran's exports to Russia have grown sharply in recent months and the volume of trade between the two countries has increased; This growth has been in spite of US sanctions and international restrictions on Iran.