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

Iran, E3 set to resume talks in January: Spokesman

Foreign Ministry spokesman Esmaeil Baqaei has stated that a fresh round of talks between Iran…

23 minutes ago

Legendary Iranian actress, voice performer Zhaleh Olov passes away

Zhaleh Olov, a celebrated actress of Iranian cinema, theater, television, and a renowned radio voice…

2 hours ago

Iran says has not in direct contact with Syria’s new rulers

Iran has dismissed any direct contact with the rebel group that has taken power in…

3 hours ago

Italy warns Russia’s threat to Europe much wider than imagined

Moscow’s threat to Europe extends beyond defense to illegal immigration and cybersecurity, Italian Prime Minister…

3 hours ago

Deputy FM raps US for holding Iranians hostage

A deputy Iranian foreign minister has criticized Washington for taking Iranian nationals hostage under the…

5 hours ago

Iran’s interior minister warns population crisis looms

Iranian Interior Minister, Eskandar Momeni, has raised alarms over the nation's declining population growth, warning…

5 hours ago