🔒 Russia And Iran Bolster Economic Ties, From Cars To Planes To Energy

TL;DR

Russian and Iranian companies have held talks on the joint production of cars, in the latest sign of commercial cooperation between the two countries as they try to deal with international sanctions.Iran’s Ambassador to Russia Kazem Jalali told reporters in Moscow this week that the two countries have held discussions over the joint production of automobiles, with Iran’s two biggest car makers, Iran Khodro and Saipa, both involved in the talks.The ‘Backsies’ Billionaire: Texan Builds Second Fortune From Wreckage Of Real Estate Empire He’d SoldGrowing commercial tiesCooperation in car manufacturing is just one of several business areas where the two countries have been drawing closer together.In July, the National Iranian Oil Company (NIOC) and Russian energy giant Gazprom signed a memorandum of understanding worth an estimated $40 billion to develop oil and gas fields in Iran and to work on a liquefied natural gas (LNG) project.Less than a week ago, Iran’s deputy industry, mining and trade minister Manochehr Manteghi said there had also been discussions with Russia over the joint production of passenger planes."

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