SearchPutin encourages Iran to join Russia-led Eurasian alliance

Putin encourages Iran to join Russia-led Eurasian alliance ... 03/08/2016 Politics

Keywords:#Armenia, #Azerbaijan, #Baku, #Belarus, #Bushehr, #China, #Iran, #Iranian, #Kazakhstan, #Kyrgyzstan, #Moscow, #President,, #Russia, #Russian, #Shanghai, #Shanghai_Cooperation_Organization, #Sputnik, #Tajikistan, #Tehran, #Uzbekistan, #Vladimir_Putin

Russian President Vladimir Putin. © Michael Klimentyev / Sputnik

* * * Russian President Vladimir Putin has praised the successful cooperation between Moscow and Tehran, and has expressed hope that a free trade zone can soon be established between Iran and the Russia-led Eurasian Economic Union.
“Iran is Russia’s longtime partner. We believe that bilateral relations will benefit from the reduction of tensions around Iran following the comprehensive agreement on the Iranian nuclear program,” Putin said in a major interview with Azerbaijani state news agency Azertac released on Friday. He added that Iranian leaders shared his approach.
In some branches of the economy Russian-Iranian cooperation has already become strategic, Putin noted. This concerned first of all the nuclear energy sphere, with Russia completing and servicing the Bushehr power plant in Iran and reaching agreements on building eight more nuclear power units.
Overall the two states have managed to increase bilateral trade by 70 percent and bring it to $855 million in the first five months of 2016.
The Russian leader also welcomed the possible creation of a free trade zone between Iran and the Eurasian Economic Union – the bloc that currently unites Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan. He said that work has already started to research the possibility of such a move, adding that Russia would continue to support Iran's pursuit of full membership in the Shanghai Cooperation Organization – the Eurasian military-political bloc comprised of Russia, China, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.
On August 8, Putin is expected to visit Baku and take part in the first-ever trilateral summit of the leaders of Russia, Azerbaijan and Iran.
In November last year, Russia and Iran agreed to develop economic ties, with Moscow promising to provide a $5 billion state loan to Tehran for the promotion of industrial cooperation. The loan is expected to boost trade between the two countries, with the target set at $10 billion, up from the current $1.6 billion.
The two countries have selected 35 priority projects in energy, port facilities, and railway electrification.
In March this year, Russian Deputy Agriculture Minister Sergey Levin promised that Moscow would ease customs procedures for Iranian agricultural products and speed up their delivery to Russian markets.
--- ---

Read more from Source »

Related articles based on keyword density
GLOBAL TOP 1000 WEBSITES 2016 – Ratak IT... 16/03/2017 News
Ratak introduces global Top Websites of 2016 Data for table Top201702 1,Abarkooh,Armenia,Bahram 2,Bahram 3,Britain,Caesar,Carus,...View Details»

Putin-Rouhani meeting round-up ... 30/03/2017 News
News ID: 3940813 - Wed 29 March 2017 - 15:58 Politics MOSCOW, Mar. 29 (MNA) – Russian President Vladimir Putin and Iranian President Hassan Rouhani m...View Details»

Tehran, Moscow and Beijing united on a new multipolar international or... 14/09/2013 News
(Parseed) - (Asia Times Online) THE ROVING EYE China stitches up (SCO) Silk Rd By Pepe Escobar While the whole world was terrified by the pro...View Details»

Sanctions against Iran ‘unacceptable’ – Russia, China, other SCO natio... 14/09/2013 News
(Parseed) - (Russia Today) Sanctions against Iran are ‘unacceptable’, stated the SCO summit participants. Iranian President Hassan Rouhani said he wa...View Details»

Iran, Russia map out rival to Suez Canal ... 09/08/2016 Politics
*** The International North-South Transport Corridor, shown in bold green dots, will significantly reduce costs and travel time. A major project to fo...View Details»