TEHRAN (Iran News) At a joint meeting in Moscow with Sergey Katyrin, President of the Russian Chamber of Commerce and Industry, Hasanzadeh emphasized the need to overcome financial obstacles, enhance transactions using national currencies, and create stable and reliable financial pathways to achieve a leap in bilateral trade.

Hasanzadeh outlined several strategic initiatives to support this vision, including: Utilizing the EAEU Free Trade Agreement effectively through harmonized customs procedures and resolving disputes related to certificates of origin; Banking facilitation through currency exchange reform and secure financial routes;     Upgrading transport infrastructure, including modernization of rail and maritime fleets; Expanding economic diplomacy within multilateral frameworks such as BRICS and the Shanghai Cooperation Organization (SCO); and streamlining visa issuance and removing bureaucratic trade barriers through the support of the Russian Chamber of Commerce.

Hasanzadeh also highlighted Iran’s readiness to expand commercial cooperation through joint committees, investment funds, joint industrial and petrochemical projects, and agricultural development programs, stressing that success requires coordinated action from both governments and private sectors.

Ghadir Ghiyafeh, Vice President of Iran’s Chamber of Commerce, noted that while Iran-Russia relations have not reached their full potential, the current geopolitical climate presents new opportunities for growth. He underscored Iran’s capabilities in various sectors and mentioned that some Iranian products even surpass their European counterparts in quality.

He pointed to successful exports such as steel and industrial catalysts used in Russian urea and ammonia plants. Ghiyafeh emphasized the importance of professional engagement, continuous presence in trade events, and close relationships with Russian consumers to deepen commercial ties.

“Our target is to increase trade volume between Iran and Russia to $10 billion over the next 10 years,” he concluded.

Kazem Jalali, Iran’s Ambassador to Russia, noted that with the recent enforcement of the EAEU Free Trade Agreement on May 15, political conditions are favorable for economic expansion. He also confirmed that several banking and logistics issues between the two countries are in the process of being resolved.

Jalali emphasized the key role of chambers of commerce and joint trade councils in bridging the knowledge gap between the private sectors of both nations. He proposed that the heads of Iran and Russia’s chambers of commerce meet annually to maintain momentum.

Sergey Katyrin reported a 16% increase in trade volume between Iran and Russia over the past year, attributing it to active entrepreneurial efforts and regular bilateral exchanges. He affirmed his chamber’s support for provincial-level trade development and welcomed the idea of easing visa issuance for Iranian traders.

Katyrin noted that his chamber is working closely with Russia’s Ministry of Foreign Affairs to facilitate trade and mobility for Iranian businesses.

Leonid Lozhchenko, Chairman of the Russia-Iran Business Council, confirmed that following the signing of a 20-year strategic agreement between the two nations, there has been a significant increase in joint activities—including 25 business meetings and over 3,000 B2B sessions involving Iranian traders. He stated that small and medium-sized enterprises (SMEs) have played a notable role in this expansion, with agriculture being a key sector of trade growth.

The meetings signal a renewed commitment to strengthening the economic alliance between Tehran and Moscow, fueled by long-term strategic cooperation and the shared goal of deeper integration within the Eurasian economic framework.

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TEHRAN (Iran News) In a meeting between IMIDRO and Zarubezhgeologia, Aghajanlou stated that the committee will oversee the execution of the cooperation document’s programs, with Iranian and Russian representatives managing implementation while the agreement’s supervisory and decision-making bodies remain in place.

“The historical ties between Iran and Russia in mining cooperation have a proven track record, leading to the activation of highly productive mines in Iran,” Aghajanlou remarked. He highlighted past exchanges of expertise in exploration, coal, and mine safety between the two nations, expressing hope for continued collaboration.

The deputy minister of industry, mine, and trade added that final revisions to the signed mining and underground exploration agreement should be completed to move toward practical implementation. He noted that both countries possess significant experience in the steel supply chain and other metal products. For instance, Iran’s PERED direct reduction technology has emerged as a competitor to the MIDREX method, showcasing Iran’s growing capacity to execute related projects—expertise that Russia could tap into.

Aghajanlou further emphasized that, under the memorandum of understanding, Iran’s Mineral Production and Supply Company and its Russian counterpart should take steps to transfer knowledge on deep reserve exploration and the design and extraction of underground mines. He also pledged to provide the necessary facilities and equipment in Iran for training programs in this field.

At the same meeting, Alexey Destyatkin, CEO of Zarubezhgeologia, referenced the recent strategic document signed by the presidents of Iran and Russia, which prioritizes cooperation in geology, mining, and mineral industries. Destyatkin, who met with Iran’s Minister of Industry, Mine, and Trade during a visit to the third Eurasia Trade Exhibition currently underway, said the minister underscored the importance of expanding mining ties.

“We are committed to implementing the agreement,” Destyatkin said. “During our visit to Anomaly 21 in Yazd with colleagues, we outlined a clear path for collaboration.”

He affirmed Russia’s willingness to transfer technology and train Iranian specialists in geology, geophysics, and related fields. Destyatkin also mentioned site visits to mining areas in Zanjan and Jiroft, proposing on-the-ground training courses covering topics like airborne geophysical technology.

The joint committee marks a significant step toward deepening Iran-Russia ties in the mining sector, leveraging their shared expertise to unlock new opportunities.

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TEHRAN (Iran News) The comprehensive 20-year strategic agreement, signed in light of regional and international conditions, is regarded as a significant milestone in the economic relations between Iran and Russia, especially considering both countries’ membership in the Shanghai Cooperation Organization (SCO) and BRICS.

Key Provisions of the Treaty:

1. Strengthening Provincial Economic Ties: Article 16 emphasizes the importance of fostering inter-provincial cooperation between Iran and Russia. It stipulates the creation of favorable conditions for direct relations between the provinces of both countries, promoting business trips, meetings, exhibitions, and other inter-provincial events to showcase investment opportunities and economic capacities.
2. Facilitation of Joint Investments: Article 18 outlines the development of joint business ventures, infrastructure funding, and collaborative mechanisms in trade, banking, and business processes. It also encourages joint investments in third countries through multilateral discussions and expert frameworks.
3. Bilateral Payments in National Currencies: Article 20 advocates for enhancing bilateral trade by encouraging the use of national currencies in transactions. The treaty outlines the expansion of cooperation between financial institutions, strengthening anti-money laundering frameworks, and boosting investment and trade in free economic zones between the two nations.
4. Cooperation in Transportation: Article 21 highlights the potential for closer collaboration in various forms of transport, including road, rail, air, sea, and combined transportation methods. Both countries will work together on the development of transport corridors, especially the North-South International Transport Corridor, to promote smoother transit and trade.
5. Joint Energy Collaboration: Article 22 addresses the energy sector, focusing on oil and gas cooperation. Both parties will engage in scientific, technical, and commercial partnerships to increase energy security and promote projects related to oil and gas field development, energy supply, and infrastructure. They will also coordinate efforts within international energy forums like OPEC+ and the Gas Exporting Countries Forum (GECF).
6. Nuclear Energy Development: Article 23 outlines cooperation on peaceful nuclear energy projects, including the construction of nuclear energy facilities.
7. Agricultural and Fisheries Collaboration: Article 24 promotes joint efforts in agriculture, fisheries, veterinary care, plant protection, and quarantine practices. The goal is to boost agricultural trade and ensure the safe and healthy distribution of food products.
8. Establishment of a Simplified Customs Corridor: Article 25 focuses on the creation of a customs facilitation corridor, enhancing cross-border trade through mutual recognition of business entities, sharing customs data, and facilitating secure supply chains.
9. Tourism Cooperation: Article 35 encourages the development of tourism relations, supporting cultural heritage promotion, tourism activities, and arts & crafts to increase awareness and attract tourists to both countries.
10. Environmental and Water Resource Management: Articles 39 and 40 emphasize cooperation in environmental protection, the use of eco-friendly technologies, and the efficient management of natural resources, including water resources.

The treaty sets the stage for deepened economic collaboration between the two countries, with a focus on practical steps to enhance trade, investment, energy security, and regional connectivity.

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