Irans minister of economy and finance will soon visit Moscow to open a line of credit, said Russian ambassador to Afghanistan.
Moscow is going to provide Iran with a line of credit, Alexander Mantytsky told the Islamic Republic News Agency. However, he pointed out that the amount of credit has not been disclosed so far.
Referring to the removal of international sanctions against Iran, Mantytsky said the new developments show that Iran and Russia are opening new horizons in their economic ties.
Figures show that trade exchanges between Tehran and Moscow stand at 1.6 billion dollars, he said.
The bilateral trade could grow two-folds following the implementation of the Joint Comprehensive Plan Of Action (JCPOA), he added.
The JCPOA was first proposed by Russia to the P5+1 group of countries and an agreement was achieved mostly because of the diplomatic efforts by the Kremlin.
Even during the imposition of sanctions against Iran by Europe and the United States, Russia never stopped to cooperate with Iran, the Russian envoy in Afghanistan said.
Source: IRNA- Date: (13 February 2016)