Putin says Russia and Iran to switch almost completely to national currencies in mutual settlements
Russia and Iran have almost completely switched to settlements in national currencies and are working on interfacing payment systems, Russian President Vladimir Putin said on January 17.
"Our countries have almost completely switched to national currencies in mutual settlements, are striving to build stable channels of credit and banking interaction, and are working on interfacing national payment systems," the Russian leader said at a press conference following talks with Iranian President Masoud Pezeshkian.
The share of transactions in Russian rubles and Iranian rials in 2024 exceeded 95% of all bilateral trade transactions, Putin specified.
He pointed out that the talks focused on economic cooperation between Russia and Iran, which are significant partners for each other in trade, investment and finance.
The pace of cooperation in these spheres is steadily increasing, and only for 10 months of last year the Russian-Iranian trade turnover added 15.5%, the Russian president noted.
Putin also expressed confidence that the entry into force of a free trade agreement between Iran and the Eurasian Economic Union will help to increase Russian-Iranian commercial ties.
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