IFP Exclusive

Iranian MP: Iran-Russia strategic ties deepening

Strategic cooperation between Iran and Russia has entered a new phase after signing a mammoth billion-dollar energy agreement, an Iranian lawmaker says.

Mahmoud Abbaszadeh Meshkini told IRNA on Saturday that the $40-billion deal signed between Iran’s national oil company and Russia’s energy giant Gazprom on July 19 can tip the balance in favor of both countries in the world markets.

“If the strategic oil and gas agreement between Iran and Russia is implemented, the two countries can have the highest role in determining the price and managing the world markets,” Meshkini said.

He added Iran and Russia are heavy-weight producers in the world’s energy markets and European sanctions on the energy sector will blow up in their own face.

Russia and Iran are under draconian US-speared Western sanctions and they say they are coming up with strategies, including forging new alliances and ditching the dollar in their bilateral transactions, to cushion the effective of the punitive measures.

The Iranian parliamentarian said, “The American sanctions against Iran will not cause any problems in conclusion of the contracts between Iran and Russia, as the relations between the two countries are defined in the strategic field and both countries want to cooperate in the field.”

The remarks came a day after Mohammad Tala Mazloumi, another member of the Iranian parliament, said Iran and Russia sit on 30 percent of the world’s gas reserves and energy deals between the two countries can elevate their standing in the world.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

Historic all-Women flight lands in Mashhad

For the first time in Iran's aviation history, a flight carrying an all-female crew and…

7 hours ago

Tehran Cyber Police shut down 40 Instagram accounts of harassers

Tehran’s Cyber Police Chief, Brigadier General Davood Moazzami Goudarzi, announced a crackdown on individuals causing…

9 hours ago

Qatar warns may stop gas shipments to EU amid Russia-Ukraine war

Doha will stop gas shipments to the EU if member states enforce new legislation on…

9 hours ago

UK armed forces struggling for recruits: Telegraph

At least 15,000 British soldiers left the country's Armed Forces between November 2023 and October…

9 hours ago

Nearly 85k Russian soldiers killed in Ukraine: Report

Journalists have identified the names of 84,761 Russian soldiers who died during the war in…

13 hours ago

US downs own warplane while bombing Yemen: Pentagon

The United States Navy has inadvertently shot down its own F/A-18 fighter jet in a…

14 hours ago