Iran and Russia have agreed on various economic projects, most importantly including joint production of cars in Iran and cooperation in the construction of the Rasht-Astara railway.

Iran PressEurope: The agreements were made on Friday during the visit to Russia by the Head of Iran’s Trade Promotion Organization Alireza Peymanpak.

Peymanpak separately met with the Minister of Construction, Housing, and Utilities of the Russian Federation Irek Faizullin, Minister in charge of Trade of the Eurasian Economic Commission Andrey Slepnev, and former transport minister and CEO of Avtovaz Maxim Sokolov.

According to the IRNA, the two sides agreed to manufacture an Iranian-Russian car on Iran’s soil.

The Iranian official also had a meeting with Russia’s Deputy Prime Minister Alexey Overchuk.

During the meeting, Overchuk said that Russian President Vladimir Putin was in agreement with Russia’s participation in constructing the Rasht-Astara railroad, as the activation of the corridor was welcomed by Moscow.

The two officials also discussed monetary issues, forming joint production working groups, supplying Russian factories with industrial parts manufactured in Iran, and forming common free zones in the north and south of Iran.

The Russian side said that his country was determined to follow up Iran’s membership in BRICS, proposing Iran join the EAEU as an observer state.