The second largest bank in Russia – VTB opened its representation in Iran. This was announced on Twitter by the head of the organization of trade in Iranian Ali-Ra Paymanpak.
“According to the results of the ongoing efforts of the organization of the development of trade in the second largest bank in Russia, VTB opened its representative office in Iran. This is the first Russian bank with a direct presence in Iran. It will play an important role in the transfer of part of the income in foreign currency from the trust network in The banking sphere and ensuring the transparency of trade, ”Paymanpak wrote.
Russia and Iran, which are under the sanctions of Western countries and the United States, are phased to withdraw the dollar from banking operations and bilateral trade, increasing trade and financial cooperation.
Meanwhile, the Russian delegation led by Russian Deputy Prime Minister Alexander Novak on May 17 is on a visit to Iran.
, as part of the visit, along with a number of economic agreements, it is expected that Iran and the Russian Federation will sign an agreement on the Ris-Astar railway section, which is considered an important transport network for the North-South corridor.