Iran deal to bolster Tehran, Moscow trade relations

Settlement of Iran’s historic nuclear deal to strengthen bilateral economic ties between Moscow and Tehran says Iran-Russia Joint Chamber of Commerce

Photo by: AP
Photo by: AP

The nuclear deal signed between the West and Iran is expected to spur growth within the Iranian economy. Moscow joined the list of international investors who are keen to re-build their trade relations with Iran, reports Head of Iran-Russia Joint Chamber of Commerce, according to Persian Sputnik News.

According to Asadollah Asgaroladi, the leading representative of the Iran-Russia Joint Chamber of Commerce, the economic ties between the two countries may experience a turnover as soon as 2016. 

“The ratification of this agreement will seriously boost the growth of trade and economic partnership between Iran and Russia," said Asgaroladi, speaking to Sputnik News.

Meanwhile, Iran is set to sign another important arms contract with Russia next week to buy four S-300 surface-to-air missile systems. 

The historic 100-page accord signed on July 14 between Iran and the P5+1 countries including the US, Britain, France, Russia, China and Germany, will pave way for the removal of UN sanctions and an arms embargo over Iran. Furthermore, the  country’s 100 billion dollars worth of assets around the world will be released. 

In return, Iran has agreed to restrict its much debated nuclear programme.


TRTWorld and agencies