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Iran, Russia sign projects worth 70 billion euro to develop trade, economic ties

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Iran, Russia sign projects worth 70 billion euro to develop trade, economic ties

TEHRAN: Iran and Russia have signed projects worth of 70 billion euro to develop their trade and economic ties.

This was stated by the Russian Energy Minister Alexander Novak during the eleventh round of Iran-Russia trade cooperation commission held in Tehran.

The Russian minister said that his country is ready to export products and services to Iran while it is keen to import required services and products from the Islamic Republic.

Novak further said that Russia takes an interest in Iran’s oil and gas market after US-led sanctions imposed on Iran over the country’s civilian nuclear program led to restrictions on the activities of foreign companies in Iran’s oil sector.

Moreover, he also said that the Iranian President Hassan Rouhani will meet with his Russian counterpart Vladimir Putin in the near future.

Asad Haroon
A netpreneur, blogger and above all; A Human :) Asad tweets from @aghaasadharoon and can also be approached on Google+

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