Iran's finance minister trumpets surge in investment from Russia

The US and Europe have accused Tehran of selling armed drones to Moscow that have been deployed against Ukrainian targets. Iran denies its drones are used in the war. Khandouzi said the Ukraine conflict was “unfortunate” for Iran, but did not respond when asked if Tehran received revenues from arms sales to Russia.

 

The Iranian and Russian central banks signed a deal in January to link their interbank communication systems in a bid to boost bilateral trade. “Russia and some other countries are keen to use mechanisms such as mutual monetary agreements or trade-based swaps. We have negotiated not only with Russia but also with China and other partners, including Turkey, in this regard,” Khandouzi said. “Technically speaking, this financial network is in a better situation between Iran and Russia than others.”