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Lifting of anti-Iranian sanctions not to impact Russia’s banking system - expert

"Russia is in a difficult economic situation itself but possible expansion of trade with Iran, even a moderate one, is worth taking efforts," Kashcheyev added

MOSCOW, January 17. /TASS/. Lifting of anti-Iranian sanctions is unlikely to have any impacts on the Russian banking system but Russia should take efforts to expand its trade with Iran anyway, a Russian expert told TASS on Sunday.

"We don’t expect any immediate effects on our banking system. Probably, our real sector will be able to conduct a sort of ‘reconnaissance in force’ first. And it will be a natural job of a bank active in foreign trade this or that way to offer it corresponding services," Nikolai Kashcheyev, the analysis department director at Promsvyazbank, said.

In his words, it should be born in mind that as of now Iran is not a very rich country, with its economy affected by the sanctions. "Judging by the first statements by the Iranians they are pinning biggest hopes on European countries," he said, citing as an example Iran’s plans to buy Airbus planes after the sanctions are lifted.

"Russia is in a difficult economic situation itself but possible expansion of trade with Iran, even a moderate one, is worth taking efforts," he added.