Iran, Russia trade can reach $ 10 billion

TABNAK, Feb. 21 - Chairman of the Iran-Russia Business Council Leonid Lozhechko has said that Tehran and Moscow have high potentials to increase the annual trade turnover more than $10 billion.

News ID: 7186

Date: 21 February 2026 - 17:43

The outlook for the expansion and development of business between the two countries would be improved with the implementation of the customs agreements between the Eurasian Economic Union (EAEU) and the Islamic Republic of Iran, he noted.

The chairman called on the private sector officials of the two countries to make their utmost efforts for enhancing bilateral trade between the two countries.

A databank of Russian and Iranian entrepreneurs, who are ready to cooperate in this regard, should be created, he said, adding that suitable ways should be paved to provide more information to local businesses on the Iranian side.

In addition, the Russian side should strengthen the information atmosphere and introduce Iranian companies more in Russia, Mehr reported.

He emphasized that the two countries enjoy high potentials and capabilities to increase the level of bilateral trade more than ever.

Today, Iran is home to several innovative and technological units that can export their products to Russia easily, Lozhechko added.