Trade turnover between Russia and Iran will increase by approximately 25% in 2025. This will be possible by establishing payments between countries. writes about this TASS Referring to Leonid Lozhechko, Chairman of the Russia-Iran Business Council.
“Our potential trade turnover is much higher. We already see it at the level of 16-20 billion dollars. “Calculations prevent this,” he said.
Lozhechko added that in addition to difficulties in payments, the increase in bilateral trade between the Russian Federation and Iran is also hampered by improper transport logistics. He emphasized that when the western part of the North-South corridor is completed, cargo traffic will increase to 15 million tons.
“If we take into account the central and eastern parts of the corridor, we will have a total of $ 25 billion,” Lozhechko said.
By the way, Russia’s trade turnover with Europe fallen to 1999 levels. By the end of August, this figure had fallen to 5.1 billion euros.
Formerly Ambassador to Argentina clarifiedhow the country trades with Russia under sanctions.
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Source: Gazeta
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