Tehran-Russia-Iran trade is expected to see a significant boost in the coming years, supported by the country’s transition to currency reconciliation and the implementation of a comprehensive strategic partnership treaty, according to Russian ambassador to Iran Aleksy Dedov.
In an interview with TV BRICS, Ambassador Dedoff highlighted the burgeoning economic and cultural ties between the two countries.
Although he acknowledges that current trade revenue does not fully reflect the possibility of $4.2 billion (2023), Ambassador Dekov predicted a 15% increase in 2024.
“Trade between Russia and Iran generally shows positive dynamics,” Ambassador Dedov said. “We are looking forward to further growth in trade sales at the end of this year.”
A key driver of this growth is the move towards implementing almost all bilateral settlements in the country’s currency, utilizing independent financial and bank messaging systems. This transition, engraved in Article 20 of the Comprehensive Strategic Partnership Treaty, signed in January 2025, aims to simplify business operations and expand cooperation in various sectors. The ambassador pointed out that Russia has already begun to accept cards from Iran’s Shettab payment system, and that MIR cards will soon be expected to be released in Iran.
The comprehensive strategic partnership treaty provides the foundation for deeper collaboration in the fields of culture, science and education. Article 34 focuses on the development of the relationship between culture and arts, including creating the favorable conditions for the Russian Cultural Centre in Tehran. The Rossotrudnichestvo office is actively looking for a suitable location for the center. A major day for Iranian Russian culture is scheduled for June as an important event this year.
“This is the legal foundation for the entire scope of cultural cooperation between countries,” Dedoff said.
The treaty highlights the development of long-term relationships in higher education, science and technology. Partnerships between educational institutions, joint research projects and specialist conferences are already underway.
“On the one hand, this agreement confirms the current high status of relationships, while setting the dynamics of further fruitful cooperation in the cultural, scientific and educational fields,” Ambassador Dedoff said.