Thursday, December 5, 2024

Putin highlights stronger Iran-Russia economic ties amid US sanctions concerns - analysis

Russian President Vladimir Putin highlighted trade and economic relations with Iran during a recent event in Moscow. Iranian media has made light of this because Iran is eager to secure closer ties to Moscow.

Iran is already a member of BRICS and other economic groups that bring it close to Russia. However, with a new Trump administration looming, Tehran is concerned about US sanctions.

Iranian media reported that Putin “Putin made the remarks during a plenary session of the 15th VTB Russia Calling! Investment Forum is being held in Moscow with its main theme, ‘The Future of Capital and the Capital of the Future,’” IRNA reported in Tehran. “Currently, good projects in the fields of logistics, energy, industrial and security cooperation between the two countries are being implemented," Putin said.


Iran and Russia want to work on an economic North-South Corridor, which will include rail links and other initiatives. Putin also “expressed hope that Russia and Iran will sign a comprehensive strategic partnership agreement during the upcoming visit of Iranian President Masoud Pezeshkian to Moscow,” IRNA reported.  (Read More)