TEHRAN (Dispatches) - Russian Energy Minister Alexander Novak and his Iranian counterpart Reza Ardakanian have highlighted the bilateral trades have boosted by 25.8%.
Ardakanian and Novak, who jointly chair Iran-Russia Joint Economic and Trade Cooperation, held phone talks regarding the development of economic cooperation and investment very early on Friday to confer on a wide spectrum of issues ranging from trade, business and economic cooperation to investment.
During the conversation, the Russian minister said that the volume of trade transactions between Iran and Russia hit $1.470 billion from January to August 2019, showing a 25.8 percent hike as compared to the same period of last year.
Cooperation of the two countries is considerable within the framework of joint commission in the growth and development of trade exchanges between Iran and Russia, Novak added.
"We believe that intensive cooperation should be developed between the two countries with the aim of strengthening bilateral relations,” he added.
Moreover, Ardakanian and Novak exchanged views concerning the bilateral cooperation in energy, transport and industrial fields.