Opening Asia for Russia

The central banks of Russia and Iran have signed a cooperation agreement

30.01.2023 ТАСС 214 просмотров

According to Vladislav Gridchin, Deputy Head of the Central Federal District of the Bank of Russia, the advantage of this agreement is that Western sanctions will not be able to affect it.


Representatives of the central banks of Russia and Iran signed an agreement on cooperation in facilitating financial and banking transactions between the countries. This was announced on Sunday by the chairman of the central bank of the Islamic Republic Mohammad Reza Farzin on Twitter.

"A direct connection has been established between Iranian and Russian banks. The cooperation agreement between the central banks of Russia and Iran, in addition to establishing direct communication between [Iranian financial organizations] with Russian banks, also provides that our country will be directly connected with 106 foreign banks. Financial channels between Iran and the rest of the world are being restored," he wrote Mohammad Reza Farzin. The head of the Central Bank of Iran did not give details about which foreign banks the Islamic Republic plans to establish contacts with.

The ISNA agency informed that Vladislav Gridchin, Deputy Head of the Central Federal District of the Bank of Russia for the Central Federal District, attended the signing ceremony of the document from the Russian side. "The biggest advantage of this agreement is that it will not be affected by Western sanctions," the agency quotes him as saying. Gridchin also hopes that the agreement, which provides for the facilitation of money transfers between the two countries, contributes to the development of business in Russia and Iran.

On January 23, State Duma Speaker Vyacheslav Volodin, at the third meeting of the interparliamentary commission on cooperation between the State Duma and the Iranian Parliament, stated the need to actively use settlements in national currencies between Russia and Iran in order to increase the effectiveness of cooperation in the financial and banking sector and minimize the impact of sanctions. He added that the share of the ruble and the real in mutual settlements already exceeds 60%.

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