Iran Press/ Iran News: Mohammad Reza Farzin, the CEO of BMI, said in a tweet on Saturday that he had signed the MoUs with Sberbank's CEO Herman Gref during his ongoing visit to Moscow.
"Iran and Russia had launched a new trade center under the auspices of Mir Business Bank, a Russian bank where Bank Melli is the single shareholder," he added without elaborating on more details.
Farzin said the new trade center would facilitate trade ties between Iran and Russia.
Farzin's trip to Russia comes a week after a visit to Moscow by Central Bank of Iran (CBI) Governor Ali Salehabadi to finalize a series of crucial banking agreements between the two countries.
Reports said the agreements would include using mutual currencies for trade settlements between Iran and Russia, although there has been no confirmation from the two sides.
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