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HomeEuropean NewsIranian President Desires Elevated Commerce With Russia To Bypass Western Monetary Programs

Iranian President Desires Elevated Commerce With Russia To Bypass Western Monetary Programs



Iranian President Ebrahim Raisi stated in a gathering with Russian counterpart Vladimir Putin that he desires to broaden bilateral commerce with Moscow and make it impartial of the Western monetary trade system.

Raisi — who met with Putin on the sidelines of the sixth summit of the Caspian Sea’s littoral states in Turkmenistan on June 29 — added that an impartial monetary system would make it “inconceivable for any nation to exert affect or stress on it.”

Iran has been beneath intense financial stress from the West and the US for years over its nuclear program. Russia has likewise been hit onerous by worldwide sanctions due to its February invasion of Ukraine.

Amid the hardships, Raisi introduced there was a rise in commerce and financial relations between the 2 international locations in current months and stated Iran seeks engagement with Russia inside the framework of a “strategic relationship.”

Through the assembly, Putin harassed the safety cooperation between Moscow and Tehran.

“We’re in fixed contact on political and safety issues, together with in crucial areas of Syria,” stated Putin.

Russia and Iran have stable ties and are key allies of Syrian President Bashar al-Assad in it is decade-long civil warfare.

Moscow can be a signatory to the landmark 2015 nuclear settlement between Iran and 5 world powers beneath which Tehran was granted sanctions aid in trade for curbs on its nuclear program.

With writing and reporting by Ardeshir Tayebi
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