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Iran – Russia relations

Islamic Consultative Assembly supports the development of relations with Russia

Service : Politic
Member of Economic Commission in the Iranian Parliament noting the importance of Russia – Iranian relationships says: Islamic Consultative Assembly supports the development of relations with Russia and if necessary, needed rules will be ratified in order to expand the relationships.
Saturday, September 24, 2016 2:19:01 PM
Islamic Consultative Assembly supports the development of relations with Russia

Islamic Consultative Assembly News Agency – "Development of relationships between the two countries will positively result in all sectors especially economy and trade", said an economical representative representing Abadeh and Bawanat electoral district noting that Iran and Russia could be the best partners to each others.

In addition to their trade and cooperation in hydrocarbons, Iran and Russia have also expanded trade ties in many non-energy sectors of the economy, including a large agriculture agreement in January 2009 and a telecommunications contract in December 2008.

In July 2010, Iran and Russia signed an agreement to increase their cooperation in developing their energy sectors. Features of the agreement include the establishment of a joint oil exchange, which with a combined production of up to 15 million barrels of oil per day has the potential to become a leading market globally. Gazprom and Lukoil have become increasingly involved in the development of Iranian oil and gas projects.

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