Russian Deputy Prime Minister Alexei Overchuk spoke about his go to to Iran on Monday.
Iran’s Foreign Ministry Spokesperson Esmail Baghaei mentioned that Iran’s upcoming entry into the Eurasian Economic Union (EAEU) as an observer state is a vital occasion.
A associated determination will probably be taken on the assembly of the Eurasian Supreme Economic Council to be held in St. Petersburg on December twenty fifth.
Overchuk advised reporters that Russian corporations will save about $300 million a yr in customs duties after the free commerce settlement between Iran and the Eurasian Economic Union comes into pressure, in keeping with TASS information company.
“The entry into pressure of this settlement will imply annual tariff financial savings of roughly $300 million for Russian operations,” the official mentioned.
Russia is “very serious about beginning the operation as quickly as doable,” Oberchuk famous. “Therefore, our items will probably be distributed to the Iranian market quicker and with out tariffs, which is able to make sure the penetration of Iranian merchandise into our market, thereby bettering the worth state of affairs and bettering the availability to our market. ‘ he added.
A full-fledged free commerce settlement with Iran was signed by Eurasian Economic Union member states on December 25, 2023. In Iran, a associated regulation has been accepted by the federal government however has not but been signed by the president.
A Russian delegation visited Tehran early Monday and was obtained for talks with President Masoud Pezeshkian.
MNA