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Iran’s exports to Russia exceed $1 billion for first time

US Rep. Ilhan Omar (D-MN) (L) talks with Speaker of the House Nancy Pelosi (D-CA) during a rally with fellow Democrats before voting on H.R. 1, or the People Act, on the East Steps of the US Capitol on March 08, 2019 in Washington, DC. (AFP photo)
The national flags of Russia and Iran (from L)

An Iranian journalist and social media activist says the country’s exports to Russia have surpassed $1 billion for the first time.

In a post on his Twitter account on Friday, Abdolrahim Ansari said that it has become possible for Iran and Russia to use their domestic rial and ruble currencies in bilateral trade instead of the US dollar.

“A system has been created, in which an Iranian buyer in our country can purchase Russian-made goods in Iranian rial and a Russian buyer in Russia can buy Iranian goods in Russian ruble,” he added.

صادرات ایران به روسیه برای نخستین بار از مرز یک میلیارد دلار گذشت/ پرداخت با ارزهای ملی در ایران و روسیه ممکن شد.

سامانه ای ایجاد شده که خریدار ایرانی در کشورمان کالای ساخت روسیه را با "ریال" ایران میخرد و خریدار روس نیز در روسیه کالای ایرانی را با "روبل" روسیه خریداری مینماید.

— عبدالرحیم انصاری 🇮🇷 (@Ansarii_Rahim) December 24, 2021

Iran and Russia, which are both under Western sanctions, have in recent years developed close ties in political, security, defense, economic and energy fields.

They are currently implementing joint projects in oil, gas, nuclear and railway sectors.

The two countries are also working to renew the long-term comprehensive cooperation agreement signed 20 years ago.

Iran’s Ambassador to Russia Kazem Jalali said recently that Tehran and Moscow are on the way to draw from a wider array of "opportunities and potential.”

Russian President Vladimir Putin has officially invited his Iranian counterpart, Ebrahim Raeisi, to visit Moscow in early 2022.

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