IFP Exclusive

‘Value of Iran-Russia trade exceeded $4bn in first 10 months of 2022’

A senior Russian customs official says the value of Iran-Russia trade surpassed $4 billion in the first 10 months of 2022, with the amount exceeding the figures recorded throughout entire 2021.

Deputy Head of the Federal Customs Service of Russia Vladimir Ivin said the volume of Russian exports to Iran witnessed a 27-percent rise, while its imports from the Islamic Republic increased by 10 percent, compared to the same period last year.

Both Russia and Iran have been the targets of tough Western economic sanctions.

The two countries have largely stepped up their trade relations in the face of the bans.

Last month, Tehran and Moscow signed four new cooperation agreements as part of efforts to deepen energy and economic ties.

The two sides are also mulling over a long-term strategic partnership agreement, similar to the one Iran has signed with China.

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

Iranian shepherd soothes attacking bear

A video has gone viral in Iran showing a shepherd trying to calm down a…

8 hours ago

Iran’s Lake Urmia sees significant improvement amidst restoration efforts

An Iranian official reports that the shrinking Lake Urmia is in better condition than last…

10 hours ago

Four terrorists killed during clash with IRGC forces in Iran’s southeast

Iranian security forces have killed another four terrorists in the southeastern city of Rask in…

12 hours ago

Former Parliament chief: Iran should not tie affairs to Trump

The former speaker of the Iranian Parliament and a current member of the country's Expediency…

12 hours ago

IRGC chief commander: Resistance grandeur led to changes in US leadership

The commander-in-chief of Iran's Islamic Revolution Guard Corps (IRGC) says that the power of Palestinian…

13 hours ago

Iran signs key agreements during communications minister’s visit to Cuba, Venezuela

Iran’s Minister of Communications Sattar Hashemi has recently concluded a "productive" six-day trip to Cuba…

15 hours ago