Iran Press/ Iran News: Reza Fatemi Amin, Iran's Minister of Industry, Mining, and Trade, added: "One of the important infrastructures for the expansion of economic relations is the money transfer infrastructure, which is progressing very well."
Fatemi Amin said: The Ruble and Rial exchange started a few weeks ago, and negotiations are underway to connect Iran's Shetab (Interbank Information Transfer Network) network to Russia's banking network.
The minister stated that the trade between Iran and Russia is not yet fully connected and added: There are many areas for expanding the activities of the two countries.
Earlier, on the third day of the MIMS Automobility Moscow 2022, cooperation agreements to establish a production line of Hi-Tech Auto Parts, export of spare parts using the powder metallurgy method, as well as a cooperation agreement between SAIPA Megamotor Company and Russian parties with a total value of 700 million Euro was signed.
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