(MENAFN) The stake of the ruble and the rial in joint settlements among Iran and Russia surpassed 60 percent, Vyacheslav Volodin, the representative of Russia’s State Duma, asserted.
According to reports by Russia Today, making the comments in an administration gathering on Monday, Volodin assured that “It is important to use settlements in national currencies more actively. Much has already been done in this regard – now the share of the ruble and the rial in mutual settlements exceeds 60 percent. The work on the joint application of national payment systems is being completed. This will minimize the impact of sanctions, but also, of course, address issues related to mutually beneficial cooperation,”
In line with Volodin, the two nations need to concentrate on growing the power of joint partnership in the economic and banking industries, mainly, by rising the use of national currencies in their trade exchanges, via the Russian ‘Mir’ as well as Iranian ‘Shetab’ payment systems.
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