(MENAFN) banking deals were inked between Iran and Russia in order to boost transactions between the two nations in their national currencies.
The Russian government has designated a bank to work with Export Development Bank of Iran, which will only guarantee a solid infrastructure for future schemes.
In light of the regional tension which include many neighboring nations, these two decided that joining forces would be the best way to ensure economic stability.
Both countries have a long history of healthy relationship and mutual understanding, especially in the oil/gas sector, a place where they both excel in.
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