TEHERAN, November 30. /TASS/. Supplies from Iran under the “oil in exchange for goods” programme will begin in the nearest future, Russian Minister of Economic Development Alexei Ulyukayev said on Sunday.
“This issue has been raised. In August, the /Russian and Iranian/ governments signed a relevant memorandum on closer cooperation in trade and economic relations. We are working in this direction,” he told journalists after his talks with Iranian government officials. “This work may be finalized soon and practical realization, supplies will begin.”.
Russian plans to sign contract with Iran on supplies of equipment for the oil and gas sector, Russian Minister of Economic Development Alexei Ulyukayev said.
“We can promote a big volume of our non-raw materials exports, such as equipment for the oil and gas industry, agricultural machinery, motor vehicles, aircrafts, railway cars, power machines, electricity generators,” he told journalists.
“Russian can receive a serious portfolio of orders for machine-building, for industries with high added value,” he added.
Russia and Iran plan to make settlements in national currencies, the sides are working on legal framework for that, Alexei Ulyukayev also said.
He said however the exact time when Russian and Iran were to switch to national currencies in mutual settlements had not yet been discussed. “This is the competence of the Central Banks of the two countries. They are already working on this. We support this step. But corresponding legal framework is to be prepared first,” he told journalists after his talks with Iranian government officials.