Russian FM: EAEU to Bolster Relations with Iran
Russian Foreign Minister Sergei Lavrov said that the Eurasian Economic Union (EAEU) will further strengthen its ties with Iran in the future.
Preliminary agreements have been reached with Iran on joining the EAEU based on which further strengthening of relations in the future will take place, Lavrov told FNA in Bishkek on Wednesday
"The trade exchanges between the Eurasian Economic Union (EAEU) and its partners must be carried out using their local currencies as the dollar has lost its credibility," he added.
The Russian top diplomat also said that the EAEU is actively expanding its cooperation with third countries, with some of which it has signed agreements to establish a free trade zone.
He further noted that some South American, Pacific Ocean countries, as well as Egypt, have also expressed their interest in cooperating with the EAEU.
He also added joining the EAEU will pave the way for removing tariffs and other barriers.
In relevant remarks earlier this month, Managing Director of Aras Free Trade Zone (FTZ) Mohsen Nariman said that the 280 million population market of the EAEU with an $800 billion worth economic capacity was full of opportunities for Iran, adding that his country’s annual trade with the union was expected to reach $15 billion.
The Eurasian Economic Union is an economic union of states located in the central and Northern Asia and Eastern Europe. The Treaty on the Eurasian Economic Union was signed on 29 May 2014 by the leaders of Belarus, Kazakhstan and Russia, and came into force on 1 January 2015.
source: Fars News
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
India’s record gold import said to be due to calculation error
Norilsk Nickel plans to sell all it produces in 2025
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Mercuria partners with Zambia on metals trading venture
Aluminum price falls to one-month low in wider commodity slump
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
