Dollars will not be used in transactions between Iran and Russia

Russia, which launched the ruble requirement in vitality commerce after the struggle, can be embarking on a brand new path in its transactions with Iran.

Ali Salihabadi, Chairman of the Central Financial institution of Iran, In a press release to the press in the capital Tehran introduced that some necessary agreements have been reached between Tehran and Moscow, that are underneath sanctions, in the fields of banking, finance and economics.

In response to Iran’s semi-official Mehr Information Company, Salihabadi said that in his conferences with Russian officers, the 2 international locations took necessary steps to enhance their relations in the fields of finance and banking.

In bilateral commerce, the greenback and the euro disappear

Stating that the steps to be taken relating to the deactivation of the greenback and the euro in mutual commerce and the transition to nationwide currencies had been additionally mentioned in the negotiations, Salihi stated, “The usage of nationwide currencies was one of many necessary axes of session in the talks with the Russian authorities and we will quickly see the implementation of the agreements reached.” stated.

In response to the information of AA, Salihabadi said that the agreements reached to facilitate commerce relations with Russia throughout his go to to Moscow will be carried out in the close to future and the optimistic outcomes will be felt in each international locations.

Salihabadi, who went to Russia along with his delegation as a part of a two-day go to, met with Russian Deputy Prime Minister Aleksandr Novak. Through the assembly, an settlement was reached to develop banking cooperation between the Central Banks of the 2 international locations.

Iran has been topic to unilateral sanctions by america since 2018, whereas Russia was the goal of worldwide sanctions after the struggle towards Ukraine in February.