Tehran could cancel visas for Russian businessmen

Tehran could cancel visas for Russian businessmen

Iran is considering canceling visas for Russian businessmen in an effort to encourage investment, Iran's Deputy Foreign Minister for Economic Diplomacy Mehdi Safari said.

"Three issues - energy, trade and transit - are the most important topics for Russia and Iran, which require cooperation at the level of appropriate departments and institutions," the Fars news service quoted him as saying. It was also reported that "Safari stated visas could be canceled for Russian businessmen in order to increase investment and that there are plans to set up an interbank mechanism for settling payments in rubles with countries that are close to Russia and establish a green customs corridor [with Russia]."

He also expressed his satisfaction with the growth of Iran's exports to Russia and China in recent months. "Russia has presented a list of import needs, according to which Iran can export a lot of goods, which can lead to a significant increase in Iranian supplies," the diplomat said. "This could be a suitable way for Iran to pay off its debt to Russia."

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