Russia and Iran will be calculated in local currencies – Russian newspaper

Russia and Iran will be calculated in local currencies – Russian newspaper

Russia and Iran plan to build settlements in national currencies. Central banks are now developing mechanisms for this. Told reporters in Tehran, Minister of Economic Development of Russia Alexei Ulyukayev. And his department only “for”.

“must be implemented mechanisms to use national currencies in bilateral relations, which involve loans and the use of contracts in national currencies. Central banks need to focus on this, they have already begun this work,” – he said.

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However, the timing when they are possible settlements in national currencies, as yet unknown – they has not yet been discussed. At the current stage – it is “very difficult history,” said Ulyukayev, as there are various exchange rate dynamics and the parties have not decided yet, use the cross-rate through the dollar or some other way to fix the current ratio of the two rates.

More One difficulty of implementing settlement – central banks of the two countries should have correspondent relationships. “Iranian banks under sanctions, if not all, but, nevertheless, is not an easy mode” – the minister said.

In addition, the Minister said that Russia plans to build non-oil exports to Iran, including supplies the oil and gas equipment, agricultural machinery, automobiles, aviation, cars, police cars, electric generators. As for logistics flows between countries, you can use not only the traditional sea route from the port of Astrakhan to Iran, but also think about the port of Makhachkala, Ulyukayev said. Plus – Ability to use general aviation, rail transportation, including discussing the possibility of the development of the transit railway route from Iran to Russia via Azerbaijan, Turkmenistan.

In the meantime, the state of trade and economic relations between Russia and Iran can not be considered satisfactory, noted in the Ministry of Economic Development. In 2011-2013, the volume of trade between the two countries declined by 2.5 times – from 3.8 billion to 1.6 billion. Goods traditional Iranian exports – fruits and nuts – are popular in Russia, as well as in Iran, Russian grain, metals and wood. Although the opportunities for mutual deliveries much more.

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Another important issue that was discussed today in Tehran – Iran has asked Russia to assist in joining the WTO. Item on this is contained in a memorandum on cooperation between the Ministry of Economic Development and the Ministry of Industry, Mines and Trade of Iran, which was signed today in the year.

The Russian side has agreed to provide the necessary assistance.

Also, Iran proposed a meeting with the participation of the Eurasian Economic Union to reduce tariffs on trade between the Islamic Republic and the Union. Our country has agreed to provide Iran with the necessary assistance in establishing contacts with the leadership of the EAEC, according to the memorandum.