Vice-President of Iran-Russia Joint Chamber of Commerce says the trade exchange between Iran and Russia is in Russian currency rouble and their trade is growing fast.
Speaking to ILNA, Kambiz Mirkarimi pointed to the banking relation between Iran and Russia and said that inauguration of Russian bank office in Iran indeed facilitates offering services of Russia to Iranian traders and companies can comfortably get acquainted with the services that Russian banking system offers to its customers.
He then termed Bank Melli Iran as the active branch and said that the bank buys the forex of exporters and it has brokerage relation with all Russian banks and currently Iranian companies have no problem in working with Russia.
Mirkarimi went on to say that currently the trade exchanges between Tehran and Moscow are done in rouble, adding that rouble is approved by Iranian businessmen and it has reached to a relative stability and it has the least cost for both sides.
He went on to say that the free trade agreement between Iran and EAEU is the most important trade agreement and it has led to a leap in Iran’s exports and it is predicted that by the yearend, the 96 to 97% trade tariffs would be zeroed but before it, some technical problems which have affected bilateral trade should be resolved.
On the inauguration of trade office in Russia, he said that infrastructures for trade between the two countries have been prepared but Iranian and Russian companies are unaware about their capabilities and therefore Iran Trade Promotion Organization should offer some services to traders and the launch of the trade office in Russia can give better services to Russian and Iranian traders.
He noted that banking problems to some extent have been resolved between Iran and Russia and urged Iranian companies to show more interests for trade with Russia especially in trade of Russian grain and wheat.
Mirkarimi avoided touching upon the agreements on energy between Tehran and Moscow and said that oil exports should express their views because they know the details of the agreements. He reiterated that the trade between Iran and Russia is the leap phase and government should increase its investment for broadening trade infrastructures.
Original News : https://irannewsdaily.com/2023/05/tehran-moscow-exchange-trade-in-russian-currency/
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