Cornfield & Partners


Russian-Iranian Trade to Grow Dramatically

18th April 2017
Russian-Iranian Trade to Grow Dramatically

Originally published on on March 14, 2017

Working side by side, Russia and Iran join forces to form trade partnerships in the areas of energy, defence and agricultural. According to the second Asian department of Russia’s Foreign Ministry, bilateral trade reached over $2 billion in 2016 increasing 80% from the year prior.

“The growth of Iran’s trade relations with Russia was the biggest last year in comparison with any other country… It seems to me that this trend will continue, and we will reach a considerable trade of $10 billion in the coming two or three years.” –Iranian Ambassador to Russia Mehdi Sanaei

Read more about Iranian-Russian trade.