Whereas it could be pure for a bank to open a representative office in one other nation, it’s newsworthy that a Russian bank opened a representative office in Iran for the first time.
AA
VTB Bank, one among the largest banks in Russia, opened a representative office in Tehran, the capital of Iran.
Thus, for the first time, a Russian bank opened a representative office in Iran.
Ali Rıza Peymanpak, President of Iran Commerce Growth Group, introduced that a Russian bank has opened a representative office in his nation for the first time.
Iran and Russia, that are beneath the sanctions of Western international locations, particularly the USA, try to step by step take away the greenback from banking transactions and bilateral commerce by growing their industrial and monetary cooperation.
Vital step from Iran and Russia beneath the sanctions of Western international locations
This illustration can also be thought-about as a step of cooperation with the native foreign money in opposition to the greenback. Iran and Russia, that are beneath the sanctions of Western international locations, particularly the USA, try to step by step take away the greenback from banking transactions and bilateral commerce by growing their industrial and monetary cooperation.
For the first time, a Russian bank opened a representative office in Iran
First time
VTB Bank, the second largest bank in Russia, turned the first Russian bank to open a representative office in Iran.
Head of the Commerce Growth Group introduced
Peymanpak, Head of the Commerce Growth Group affiliated to the Ministry of Business, Mining and Commerce of Iran, introduced in his submit on his Twitter account that VTB Bank, the second largest bank of Russia, opened a representative office in Iran.
As a results of the ongoing efforts of the Commerce Growth Group, VTB Bank, the second largest bank in Russia, opened its representative office in Iran. That is the first Russian bank with a direct presence in Iran and will likely be instrumental in transferring a few of its overseas change revenues from the belief community to the banking community and transparency of commerce.
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https://www.ensonhaber.com/dunya/iranda-ilk-kez-bir-rus-bankasi-temsilcilik-acti
