Friday, August 27, 2004

Trade between Iran and Russia stands at 3.8 billion dollars per year

Description of Selected News: "Iran-Russia trade exchanges stand at $3.8bn per annum: envoy


TEHRAN (MNA) � The volume of trade between Iran and Russia stands at 3.8 billion dollars per year, Iran�s envoy to Moscow said on Friday.
Iran imports about two million tons of steel per year from Russia, which is economical in terms of price and transportation, Gholamreza Shafei said.
The official trade exchange between the two states stands at 1.2 billion dollars in a year, Shafei noted.
Woods and paper are among other goods imported from Russia while Iran�s main exports to Russia are foodstuff, Shafei told the Mehr News Agency (MNA).
Noting that the unofficial trades between the two countries reach 1.6 billion dollars he said a portion of Russian goods are imported into the country through Europe and some Iranian goods are also exported into Russia through Caucuses or Central Asia.
The ambassador also said the annual value of oil swap between Moscow and Tehran is about one billion dollars and this would herald a promising future between Iran and Caspian Sea littoral states in this regard.
So far, Iran has imported about 500 million dollars oil from Russia in the Caspian Sea, he added.
In the swap deal, Iran imports oil from Russia for domestic consumption and exports the same amount of oil for this country in the Persian Gulf. MS/MA End MNA"

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