MP: Russians Ready For Investment In Golestan

Gorgan, Golestan Prov., Nov 2, IRNA – A Majlis deputy said that Russians have announced readiness for making investment in economic and tourism projects in the Caspian Golestan Province. Issa Emami told IRNA here on Saturday that during the Russian Consul General Maxim Baranov’s visit to a number of economic and tourism projects in Golestan, Russian officials announced readiness for making investment in the province and developing relations with it. Emami who is representative of Gorgan and Aq Gola in the Majlis further remarked that in its visit to the province the Russian delegation inspected the petrochemical project, Ashuradeh Island and a number of economic projects which attracted their attention. He said with the opening of Iran-Turkmenistan-Kazakhstan railway capacities will increase for economic development of the province. Emami further remarked that the Russians enjoy proper position in the world oil and gas industry and in manufacture of machineries and Iran can take advantage of their capacity in different economic and industrial projects. Meanwhile, Iran and Russia have planned to establish a joint bank to boost bilateral trade and bypass sanctions on Iran’s banking sector. Asadollah Asgaroladi, head of Iran-Russia Joint Chamber of Commerce, said earlier this month that since Russian banks fear the implications of working with Iran due to sanctions it has been decided to establish the joint Iran-Russia bank with the help of central banks and private sectors of the two sides. “Such a bank would be able to exchange money between the two sides using rials and rubles, and putting aside dollar, euro and pound,” he said. Unilateral US-led sanctions imposed on Iran’s banking sector over Tehran’s civilian nuclear energy program and the recent Western bans against Russia over Ukraine have prompted the two countries’ trade officials to boost economic cooperation. In September, Iran and Russia agreed to use their national currencies in bilateral trade./end