Kremlin: Tehran & Moscow almost completely shifted to national currencies
Kremlin: Tehran & Moscow almost completely shifted to national currencies
According to Kremlin's press service, national currencies are being used in more than 96% of mutual payments between Russia and Iran.

According to Kremlin’s press service, national currencies are being used in more than 96% of mutual payments between Russia and Iran.

TEHRAN (Iran News) National currencies are being used in more than 96% of mutual payments between Russia and Iran, the Kremlin’s press service said on the verge of the meeting between presidents of the two countries to be held on the sidelines of the BRICS Summit in Kazan.

“The leadership of both countries pays priority attention to the development of trade and economic ties. Growth of mutual trade in 2023, despite a certain decline, totaled over $4 billion. We record growth of 12.4% as of the end of January – August. The share of national currencies in mutual payments is over 96%,” the press service informed.

Russia and Iran are implementing several large-scale mutual projects in the sphere of transport and energy, the Kremlin said. The North-South international transport corridor project is being developed. Russian-Iranian relations are on the rise, the press service noted.

  • source : isna