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The trade potential between Russia and Iran could be much greater

Moscow, Dec. 16 (Prensa Latina) Russian Foreign Minister Sergey Lavrov declared that the trade potential between Russia and Iran is "immeasurably greater" than the current level.

“Our opportunities are truly immeasurably greater than the current level of trade,” Lavrov stated this Tuesday in an interview with the Iranian state news agency IRIB.

The Russian foreign minister also noted that to expand economic ties, it is necessary to encourage economic operators in both countries and create favorable conditions for them.

On January 17, Russian President Vladimir Putin and his Iranian counterpart, Masoud Pezeshkian, signed an agreement on a comprehensive strategic partnership between the two countries, valid for 20 years with automatic renewal every five years.

The document contains 47 articles covering bilateral cooperation in multiple areas, including defense, counterterrorism, cybersecurity, energy, medicine, the economy, trade, transportation, agriculture, and others.

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