News ID: 281297
Published: 0634 GMT March 02, 2021

Cooperation can solve banking problems with Iran: Armenian envoy

Cooperation can solve banking problems with Iran: Armenian envoy

Armenian ambassador to Iran Artashes Toumanian on Tuesday said that banking sanctions have caused problems for trade relations between Iran and other countries, but the problems can be solved through cooperation.

Noting that Iranian companies registered with an Armenian partner cooperate with Armenian banks, the ambassador said, there is no problem for Iran’s economic actions in Armenia and financial exchange between the two countries since Armenian banks work with the global banks, IRNA reported.

Iranians, with whatever currency, can rely on the Armenian banks and operate economically as there is no restriction in this regard, he underlined.

Hydroelectric power plants, wind power plants, solar power plants, mining industries, agriculture, and food industry, as well as auto manufacturing, are among the issues that are highly suitable for investment in Armenia, he further noted.

Armenia has also grown in the field of information technology and most of its partners are European, American, and Indian companies, he said, adding that we can deal with Iran in this field as well.

Resource: IRNA
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