News ID: 322632
Published: 0256 GMT July 01, 2022

Raeisi, Putin urge increased trade, energy cooperation

Raeisi, Putin urge increased trade, energy cooperation

President Seyyed Ebrahim Raeisi and his Russian counterpart Vladimir Putin called for more bilateral trade and energy cooperation as they met in Turkmenistan's capital, Ashgabat, on the sidelines of the sixth summit of the Caspian littoral states.

Raeisi said Iran was pursuing engagement with Moscow within the framework of a strategic relationship.

"Relations between the two countries in the field of trade and energy cooperation are at a high level, but given the existing fields in the two countries, these ties still have great potential for expansion," Raeisi said in remarks quoted by IRNA.

The president paid a two-day visit to Moscow in January and met Putin. He described the visit as a "turning point" in bilateral relations, Press TV wrote. 

"After my visit to Russia, several reciprocal visits have been made to follow up on the agreements, and their implementation is at a good pace," Raeisi said.

He stressed the need for the two countries to support strengthening of the North-South corridor, saying Iran and Russia had also good capacities for cooperation in the field of energy, including swaps.

Raeisi called for mechanisms to be set up to strengthen bilateral banking and monetary relations between Iran and Russia within an independent framework.

Putin said trade and economic relations between the two countries have increased in recent months, adding the path must continue. He welcomed Raeisi's proposal to increase bilateral energy cooperation, including swaps.





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