Iran, Russia Strengthen Collaboration With New Agreements
Date
2/29/2024 3:08:58 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, February 29. A suite of 15
cooperation documents was inked between Iran and Russia during the
17th Iran-Russia Joint Economic Cooperation Commission session, on
February 28, said Javad Owji, Iran's Minister of Oil and the
Iranian co-chair of the commission, Trend reports.
Owji highlighted that the documents span 11 key areas, including
oil and gas, agriculture, transportation, peaceful nuclear energy,
aeronautics, trade infrastructure, railway construction projects
like the Rasht-Astara line, the Siraf nuclear power plant
development, and initiatives to position Iran as a transit hub for
oil, gas, and petrochemicals. The agreements also address the
easing of monetary, banking, and customs barriers to bolster
bilateral trade.
The minister underscored Russia's status as a leading global
agricultural exporter and noted its role as an importer of Iranian
agricultural goods, suggesting significant untapped potential for
collaboration in this domain.
Owji emphasized the need to enhance market integration, stating,
“Despite being key trading partners, the market presence of each
country in the other's economy is minimal, warranting thorough
exploration and expansion efforts.”
It should be noted that the 17th meeting of the joint economic
cooperation commission of Iran and Russia was held in Tehran on
Feb.28.
---
Follow the author on X (Twitter): @BaghishovElnur
MENAFN29022024000187011040ID1107915259
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.