The agreements were sealed by Iran’s Minister of Information Technology Mahmoud Vaezi and the Russian Energy Minister Alexander Novak as heads of the 13th Joint Economic Commission between the two countries.
Accordingly, two cooperation documents were inked between Export Insurance Agency of Russia (EXIAR) and Iran’s private sector. Additionally, another MoU was signed between Institute of Standard and Industrial Research of Iran (ISIRI) and Federal Agency for Technical Regulation and Metrology of Russia.
National Iranian Gas Company (NIGC) and Russia’s Gazprom also hit an accord aiming to bolster cooperation in gas industry. Moreover, three compacts were formed between Iranian and Russian industry ministers over expansion of the industrial roadmap between the two parties.
Other deals were inked between Joint Business Councils and Chambers of Commerce of Iran and Russia as well as one which aimed to finance Iran’s thermal power plant projects.
Also on the sidelines of the 13th joint commission, Memoranda of Understanding (MoUs) were sealed to finance electrification projects in Garmsar-Incheh Borun railway.
The final accord between Iran and Russia pertained to the MoU of the 13th Joint Economic Commission between the two countries which was signed by Iran’s Vaezi and Russia’s Novak.
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