National currencies now account for over 96% of mutual payments between Russia and Iran, according to the Kremlin’s press service.
This announcement comes just ahead of a meeting between the two nations’ presidents at the BRICS Summit in Kazan, News.Az reports, citing Russian media.
“The leadership of both countries pay priority attention to development of trade and economic ties. Growth of mutual trade in 2023, despite a certain decline, totaled over $4 bln. We record growth by 12.4% as of the end of January – August. The share of national currencies in mutual payments is over 96%,” the press service informed.
Russia and Iran are implementing several large-scale mutual projects in the sphere of transport and energy, the Kremlin said. The North-South international transport corridor project is being developing. Russian-Iranian relations are on the rise, the press service noted.
