Iran, Russia to Boost Banking Ties

Iran, Russia to Boost Banking Ties

TEHRAN (Tasnim) – A senior Iranian trade official said three Russian banks have voiced their readiness to promote banking relations with the Islamic Republic in the near future in a bid to boost commercial cooperation between Tehran and Moscow.

Speaking to the Tasnim News Agency on Monday, Mina Mehrnoush, the head of planning at Iran’s Organization for Trade Development, said that during a recent visit to Russia by an Iranian trade delegation, “good meetings” were held with three Russian banks, namely Mir Business Bank, Tempbank and RFC Bank.

Mir Business Bank, which is the agent bank of Bank Melli Iran, agreed to provide good facilities and open proper credit lines for Iran, she said.

The Iranian trade official went on to say that other issues were also discussed in her meetings with Russian banking officials, including opening accounts for Iranian companies without having to make a trip to Russia.

Mehrnoush further said that Tempbank will open a representative office in Iran within a couple of months. 

During her 4-day stay in Moscow, the Iranian official also met with representatives of about fifty Russian import companies.

The visit came a couple of days after the official start of implementation of the nuclear deal finalized by Tehran and world powers back in July 2015.

With the implementation of the agreement on January 16, all nuclear-related anti-Iran sanctions were terminated.

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