Opposition leader Vladimir Neklyayev detained in Belarus - news agency directorWorld March 25, 5:33
Russia submits amicus curiae brief to US Supreme CourtRussian Politics & Diplomacy March 25, 3:34
Russia, China suggest for UN SC to adopt resolution on chemical terrorism threatRussian Politics & Diplomacy March 25, 3:23
Russian lawmaker compares European Union to Soviet UnionRussian Politics & Diplomacy March 25, 3:16
Russian emergencies ministry says fire at Kazan’s gunpowder factory fully extinguishedWorld March 25, 3:01
Relations btw US, Russia worst over half-century - Lukin quoting KissingerRussian Politics & Diplomacy March 25, 2:58
Russia suggests setting up international coalition for demining operations in SyriaRussian Politics & Diplomacy March 25, 1:08
One person dies in fire at gunpowder factory in Russia's KazanWorld March 24, 21:47
Russia's 'Gentlefan' baton passed on to Krasnodar ahead of Cote d’Ivoire friendlySport March 24, 21:34
MOSCOW, February 19. /ITAR-TASS/. Russia is holding talks with Iran to increase trade volume based on energy cooperation, Russian Energy Minister Alexander Novak told Itar-Tass.
“Last year, the 10th session of the intergovernmental commission was held in Moscow. The parties discussed different variants to increase trade turnover and search for a financial scheme, which would allow our companies to supply products to Iran — metallurgy, machine-building and energy equipment,” Novak said.
“Both parties considered Russia’s participation in constructing power plants on the territory of Iran and developing deposits. We seek to increase trade turnover and expand the presence of our companies on the Iranian market,” the minister said.
“This will give a possibility to develop and restore our trade at the level before sanctions were imposed. Thus, this issue is pressing,” he said.
At present, trade volume with Iran is decreasing. In 2013, it was reduced by 31.5% and reached $1.59 billion. Russia’s export dropped by 38.6% and amounted to $1.16 billion. The decrease was conditioned by tightening economic sanctions against Iran that the United States and the European Union had imposed in mid-2012. The EU banned import and trade of Iranian oil and oil products.
According to Itar-Tass reports, Russia is holding talks with Iran to supply oil (20 million tonnes per year) to the Asia Pacific Region in exchange for goods.