Speaking to the Tasnim News Agency, Taher Shah Hamed said that the Iranian and Russian financial institutions have agreed to boost mutual cooperation in line with efforts to facilitate the process of trade between the two countries.
A memorandum of understanding (MOU) in this regard was signed between the two sides in a meeting in Tehran on Sunday, which was attended by Iranian Minister of Industries, Mines and Commerce Mohammad Reza Nematzadeh and the Russian Economic Development Minister Aleksey Ulyukaev, Shah Hamed said.
“With the signing of this MOU, it is hoped that the volume of trade exchanges between the two countries will double at least in a short-term period provided that the provisions of previous agreements are implemented,” the Iranian official noted.
Earlier this month, Alexei Pushkov, the chairman of the international committee of the Russian State Duma lower parliament house, had said that the value of trade between Iran and Russia may soon increase from the current $1.7 billion to $3 billion.
“Trade between Russia and Iran is not as big as might be. Now it is about 1.7 billion US dollars. Some experts say it can be increased to three billion US dollars in the next few years,” Pushkov said.