Iran, Russia and China began joint military drills in the north of the Indian Ocean on Friday. Dubbed the 2022 Marine security belt, the drills are the third set to have been carried out by the three countries.

Iran Khodro (IKCO) is eyeing the Eurasian market, hoping to produce low-cost cars in countries such as Russia, the company’s head of operations in Asia, Europe, America and Commonwealth of Independent States (CIS) says.

Iran is to host an economic meeting of Eurasian countries as it eyes to strengthen its team-up with the intercontinental expanse against the US’s sanctions.

Iran’s exports to EAEU region have surged by 69.4% since a new trade deal was signed in October.

The United States launches a desperate diplomatic campaign to fill major shortcomings in the country’s medical system amid a rising death toll from the coronavirus.

Iran is seriously rooting for the Eurasian Economic Union (EEU), a huge trading bloc in the mold of the European Union which seeks to connect Europe and the Asia-Pacific.

A trade deal between Iran and EAEU will take effect on October 27, according to officials and reports.