Iran, Russia Expand Trade to Cover Over 2,000 Goods, Services

Iran, Russia Expand Trade to Cover Over 2,000 Goods, Services
(Tuesday, February 17, 2026) 13:51

TEHRAN, Feb. 16 (NIPNA) — Iran and Russia can now exchange more than 2,000 categories of goods and services under expanding economic cooperation, the Russian secretary of the joint economic commission said on Monday.


Khalimat Budonova said bilateral trade had reached $4.7 billion, citing the latest figures, and described economic ties as “on a growing trend.”

Speaking at the opening of the 19th session of the Iran–Russia Joint Economic Commission in Tehran, Budonova thanked Iran for hosting and said the Russian delegation included representatives from government bodies and various companies.

She said the signing of a free trade agreement between Iran and the Eurasian Economic Union had played a significant role in facilitating trade, enabling the exchange of more than 2,000 items across goods, services and products, highlighting what she called “substantial cooperation potential.”

Budonova added that 17 expert committees were working during the meeting, with specialists from both countries tasked with advancing coordination and resolving outstanding points.

“We expect to reach concrete results at the expert level,” she said, noting that agreed provisions would be incorporated into a final text to be submitted to the secretariat.

Budonova said a second group of the Russian delegation would arrive in Tehran later on Monday, with broader issues to be reviewed on Tuesday. She expressed hope that a final document would be ready for signing by Iran’s Oil Minister Mohsen Paknejad and Russia’s Energy Minister Sergei Tsivilev.

She reiterated appreciation to the Iranian side and said she hoped the commission’s objectives would be achieved, strengthening strategic cooperation between the two countries.

 


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