Iran, Russia confronting West’s arrogance, unilateralism: MP

A senior Iranian lawmaker says Iran and Russia, as “two brothers,” are confronting the arrogant and unilateral policies of the West.

Mohsen Zanganeh, who is heading an Iranian parliamentary delegation to Moscow, made the remark in a meeting with Deputy Chairman of Russia’s State Duma Boris Aleksandrovich Chernyshov on Friday.

"Iran and Russia have had strong relations for a long time, and these ties have been strengthened even more in recent years,” he said.

He added that the Iranian Parliament will strive to allocate the necessary funds in next year's budget for the implementation of joint infrastructure projects, including the North-South Corridor.

Zanganeh further hailed the expansion of banking cooperation between Iran and Russia and the connection of their interbank networks, enabling the use of their banking cards in ATM network of both countries.

He noted that the level of bilateral trade interaction still falls short of the two countries’ capacities but “can be multiplied several times.”

The Iranian lawmaker suggested that the exchange of experience between Tehran and Moscow in combating sanctions and maintaining the value of their national currencies could serve as a successful model for other countries.

On October 2, Iran and Russia officially started to implement a 20-year Comprehensive Strategic Partnership Treaty, signed by Iranian President Masoud Pezeshkian and his Russian counterpart Vladimir Putin in Moscow on January 17, 2025.

Iran, Russian officially begin implementation of treaty on comprehensive strategic partnership

A comprehensive strategic partnership treaty between Iran and Russia officially enters into force.

The deal signaled a significant step towards deepening bilateral ties between the two countries in various fields.

Chernyshov, for his part, said Russia attaches special importance to boosting parliamentary cooperation with Iran.

He said Tehran-Moscow relations are based on mutual trust and respect, and constructive talks between the two sides continue at various levels.

He emphasized that the two countries have a close and coordinated stance in international arenas, especially against the policies of the US and the West.

The Duma member also expressed Russia’s readiness to exchange views with Iran on economic and banking issues, including financial transactions, combating sanctions, and managing inflation.

He said Russia's economic growth currently ranks first among European countries, emphasizing that cooperation between Tehran and Moscow will serve common interests.

Dollar, SWIFT completely removed from Iran-Russia trade: CBI chief

Iran’s top banker says the country has no trade transaction with Russia that is based on the US dollar.

Both Iran and Russia are under a series of sanctions by the US and allies in the West, which impose restrictions on access to international banking and financial services.

Governor of the Central Bank of Iran (CBI) Mohammad Reza Farzin said last November that the country has completely removed the US dollar from its trade transactions with Russia.

Iran’s chief banker added that the two countries had also set up financial settlement arrangements to avoid using the dollar-based SWIFT banking system.

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