National currencies are being used in more than 96% of mutual payments between Russia and Iran, the Kremlin’s press service said on the verge of the meeting between presidents of the two countries to be held on the sidelines of the BRICS Summit in Kazan.
According to the Kremlin, 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 statement reads.
Russia and Iran are implementing several large-scale mutual projects in the sphere of transport and energy, the Kremlin added. The North-South international transport corridor project is being developing. Russian-Iranian relations are on the rise, the press service noted.
Earlier, Russian presidential aide Yury Ushakov said that Iranian President Masoud Pezeshkian may pay a visit to Russia to sign the treaty on comprehensive strategic partnership before the end of this year, the exact date will be agreed upon soon.
