Tehran, Moscow conduct 80% of trade in rubles, rials amid deeper economic ties

TEHRAN – Over 80 percent of trade between Iran and Russia is now conducted in their national currencies, the rial and ruble, marking a major step toward financial independence and reduced reliance on third-party currencies, the head of the Russia–Iran Business Council said.

Tehran, St. Petersburg exchanges take first step toward regional energy market alliance

TEHRAN – The Iran Energy Exchange (IRENEX) and the St. Petersburg International Mercantile Exchange (SPIMEX) signed a memorandum of understanding on Wednesday to establish joint trading mechanisms — a move both sides see as the first step toward a regional alliance of energy exchanges.

Iran, Russia discuss boosting economic co-op ahead of 19th joint committee meeting

Tehran – Iran’s Oil Minister Mohsen Paknejad on Wednesday met Russian Energy Minister Sergei Tsivilyov and Gazprom CEO Alexei Miller in Tehran to review economic cooperation and preparations for the next meeting of the Iran-Russia Joint Economic Committee, the Oil Ministry’s news agency Shana reported.

Russia energy officials to visit Tehran for gas export deal talks: envoy

TEHRAN – Iran’s ambassador to Moscow said senior officials from Russia’s Energy Ministry will soon travel to Tehran on President Vladimir Putin’s orders to finalize a gas export agreement.

Iran, Russia have elevated ties to ‘comprehensive strategic partnership’, says envoy 

TEHRAN – Iran and Russia have officially elevated their bilateral relations to a "comprehensive strategic partnership," marking a significant shift in Eurasian geopolitics, according to Russian Ambassador to Tehran Alexey Dedov. 

Iran, Russia advance free trade as Eurasian union finalizes roadmap with Iran

TEHRAN - The Eurasian Economic Union (EAEU) has finalized a roadmap to implement its newly effective free trade agreement with Iran, aimed at boosting direct business engagement and resolving regulatory hurdles.

Tehran, Moscow eye $10b trade target amid push for banking, logistics reforms

TEHRAN – Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) has called for financial and regulatory reforms to unlock a surge in bilateral trade with Russia, as the two countries seek to deepen economic ties following the signing of a 20-year strategic cooperation pact.

Iran, Russia sign mapping cooperation agreement at Kazan Forum

TEHRAN — Iran's National Cartographic Center and Russia’s Federal Service for State Registration, Cadastre and Cartography (Rosreestr) have signed a memorandum of understanding to boost bilateral cooperation in mapping technologies.

Iran, Russia launch 2nd phase of card payment network integration

TEHRAN - Iran and Russia have officially launched the second phase of a card payment network integration project, enabling Russian tourists and businesspeople to make purchases at retail outlets across Iran using the Russian “Mir Pay” application.

Iran, Russia agree to hold joint meeting in Makhachkala to advance maritime transport co-op

TEHRAN – Iranian and Russian transport officials have agreed to hold a joint meeting in the Russian port city of Makhachkala within the next two months as part of efforts to operationalize a bilateral maritime transport consortium.

Co-op with Russia, Eurasia to accelerate Iran’s plans for becoming regional energy hub

TEHRAN - Iran has launched negotiations and practical steps to connect to Russia’s gas resources as part of a broader strategy to transform the country into a regional energy hub, the head of the National Iranian Gas Company (NIGC) said on Thursday.

Moscow to host 18th Iran-Russia Joint Economic Committee meeting

TEHRAN - The 18th meeting of the Iran-Russia Joint Economic Committee will be held in Moscow from April 22 to 24, aimed at expanding bilateral cooperation between the Islamic Republic of Iran and the Russian Federation.

Tehran, Moscow to deepen oil cooperation through joint development projects

TEHRAN – Senior Iranian and Russian energy officials have stressed the need to strengthen bilateral cooperation in the oil sector, focusing on joint development of key oilfields.

Russian businesses invited to actively participate in Iran Expo 2025

TEHRAN – Iran’s Ambassador to Russia Kazem Jalali, on Monday invited Russian companies to actively take part in Iran Expo 2025, the country’s largest trade and export showcase, during a meeting with Sergey Katyrin, president of the Chamber of Commerce and Industry of the Russian Federation.

Iran, Russia being prepared for Joint Economic Committee meeting

TEHRAN- Russian Energy Minister Sergey Yevgenyevich Tsivilyov visited Iran’s Embassy in Moscow to meet with Iranian Ambassador to Russia Kazem Jalali. The meeting resulted in an agreement to hold the 18th meeting of the two countries’ Joint Economic Committee during April 22-24.

Iran’s non-oil export to Russia increases 17%

TEHRAN- The value of Iran’s non-oil export to Russia increased by 17 percent during the first ten months of the current Iranian calendar year (March 20, 2024-January 19, 2025), as compared to the same period of time in the past year, the spokesperson for the Trade Development Committee of the House of Industry, Mining, and Trade announced.

Tehran, Moscow agree to expand aviation cooperation

TEHRAN – Iranian Deputy Minister of Transport and head of the Civil Aviation Organization, Hossein Pourfarzaneh, met in Moscow with Dmitry Yadrov, Russia’s Deputy Minister of Transport and head of Russia’s Federal Air Transport Agency.

‘Iranian goods competitive in Russian market’

TEHRAN – Russian Consul General in Iran Andrei Zhiltsov said Iranian products offer competitive pricing, quality, and variety, making them strong contenders against Chinese and Turkish goods in the Russian market.

Tehran, Moscow to expand mining cooperation

TEHRAN – Iran and Russia are set to establish a joint committee to oversee the implementation of a mining and mineral industries cooperation agreement, according to the head of Iran’s Mines and Mining Industries Development and Renovation Organization (IMIDRO).

CBI chief visits Russia to boost banking ties

TEHRAN – Central Bank of Iran (CBI) Governor Mohammad Reza Farzin traveled to Yekaterinburg, Russia, to meet with his Russian counterpart and advance monetary and banking cooperation between the two countries, as well as discuss continued collaboration within the BRICS group.

Tehran, Moscow reach agreements on rail, air, sea, and road transport

TEHRAN - Iran's Transport and Urban Development Minister outlined key agreements between the presidents of Iran and Russia, covering rail, air, sea, and road transport for both goods and passengers.

What does the Russia-Iran strategic partnership treaty encompass?

The Treaty on the Comprehensive Strategic Partnership between the Russian Federation and the Islamic Republic of Iran builds upon an agreement that was signed between the two countries in 2001 and subsequently extended for two five-year periods.

By Ebrahim Fallahi

Iran-Russia comprehensive agreement: outcomes and implications

TEHRAN - President Masoud Pezeshkian arrived in Russia's capital Moscow on Friday, January 17, to strengthen ties between the two regional powers. His visit marks the beginning of an official strategic partnership with President Vladimir Putin, focusing on boosting bilateral cooperation in energy, economy, and technology sectors.

Iran-Russia trade reaches $1.9b in 9 months

TEHRAN - Iran’s Customs Administration (IRICA) has reported that non-oil trade between Iran and Russia reached 3.447 million tons of goods, valued at $1.902 billion, during the first nine months of the current Iranian year (March 20- December 20, 2024), IRIB reported.