Eight documents on cooperation between Russia and Iran were signed at the 13th meeting of the Permanent Russian-Iranian intergovernmental commission on trade-economic cooperation held in Tehran.
The parties signed a roadmap on trade and industrial cooperation, memorandum of understanding between the National Iranian Gas Company and Gazprom, memorandum of understanding between EXIAR and Iranian banks Parsiyan and Pasargad, two agreements on providing loans to Iran for the construction of thermal power plants and the electrification of the railway, TASS reports.
The five-year road map on industrial expansion between Russia and Iran implies more than 70 projects, including two credits for Iran worth 2.2 billion euro.
Russia and Iran have increased trade turnover by 80% in 2016, Russia’s Energy Minister Alexander Novak said, adding that the amount of financial payments between Russia and Iran has trippled in 2016.
