BAKU, Azerbaijan, June 5. Diplomatic relations
between Iran and Russia have reached the level of a strategic
partnership, Iranian Ambassador to Russia Kazem Jalali said during
a meeting with a group of Russian intellectuals, Trend reports.
Jalali noted that this development has led to a rise in
high-level reciprocal visits between the two countries, with
Russian President Vladimir Putin expected to visit Tehran in the
near future.
He stressed that the Comprehensive Strategic Partnership
Agreement between Iran and Russia, along with the free trade
agreement between Iran and the member states of the Eurasian
Economic Union (EAEU), is further strengthening bilateral ties.
The official also pointed to banking cooperation as another key
example of deepening relations. Russia’s Mir and Iran’s Shetab
payment networks are now connected, allowing banking transactions
for small businesses, students, and tourists. This system will
continue to improve in the future, he said.
The agreement was signed by the Presidents of Iran and Russia in
Moscow on January 17, 2024. The agreement covers not only trade and
economics but also cooperation in fields such as innovation
technologies, peaceful nuclear energy, information and
cybersecurity, counterterrorism, the Caspian Sea, and environmental
issues.
A free trade deal was inked between Iran and the Eurasian
Economic Union in St. Petersburg, Russia, on December 25, 2023.
Following the implementation of the newly inked agreement, trade
turnover is anticipated to attain $18-20 billion within five to
seven years.
On March 15, 2025, Iranian President Masoud Pezeshkian formally
instructed relevant state bodies to begin implementing the free
trade law, which underpins the agreement with the EAEU.
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