Iran and Russia are expected to sign 11 documents during an upcoming visit by President Hassan Rouhani to Moscow, said Mahmoud Vaezi, minister of ICT and head of the joint Iran-Russia economic committee.
The minister said the documents include 10 agreements in various fields and one general agreement on long-term cooperation.
Vaezi also said an attempt is being made to operationalize an energy agreement whereby Iran will export 100,000 bpd of oil to Russia.
Trade turnover between Iran and Russia witnessed a surge by 60 percent in 2016, climbing to about $2 billion. However, observers believe that the surge in trade between the two countries, which came after the nuclear sanctions on Iran were removed, has not satisfied the expectations.
Ahead of Rouhani’s impending visit to Moscow, First Vice President Es’haq Jahangiri on February 21 called for finalizing preparations for inking an agreement between the Islamic Republic and the Eurasian Economic Union (EEU), which includes Russia as well, on the creation of a free-trade zone.