Iran Names Russia Top Investor of the Year
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Russia became the largest Iranian investor in the fiscal year that ended this week, Iranian Economy and Finance Minister Ehsan Khanduzi said. According to him, Russia invested $2.76 billion over the year, with a total investment in the country of $4.18 billion.
Leading countries in terms of investments in Iran:
- Russia — $2.76 billion (three projects);
- Afghanistan – $256 million (59 projects);
- Iraq – $223 million (14 projects);
- Iran (expatriates) – $220 million (24 projects);
- UAE – $177 million (16 projects).
According to the minister, Russian investments fall on projects in the industrial, mining and transport sectors. “We define our relationship with Russia as strategic, and we cooperate in many areas, especially in the economic one. China and Russia are our two main economic partners. Iran plans to expand relations with them through strategic agreements,” Mr. Khandouzi said. Financial Times.
According to the British newspaper, Tehran and Moscow have increased ties after the imposition of sanctions by Western countries against the Russian Federation for sending troops to Ukraine. Thus, in January, the central banks of Iran and Russia signed an agreement on cooperation in the field of facilitating financial and banking transactions between countries to stimulate trade.
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