trade transactions
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National currencies used in 90% of Russia-China transactions: Putin
Tehran, IRNA - Russian President Vladimir Putin has said the vast majority of transactions between Russia and China are now being conducted in their national currencies, describing dedollarization as an "inevitable" process.
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Iran preparing financial infrastructure to accept Russian credit cards: Report
Tehran, IRNA — Iran is preparing the necessary financial infrastructure to accept a Russian alternative for major international credit card systems to build stronger economic ties between the two countries, media outlets have reported.
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Iran, Russia working towards SWIFT-like payments system
Tehran, IRNA – A senior Iranian foreign ministry official said that Tehran and Moscow were working towards making an interbank payments system like the SWIFT as a countermeasure against Western sanctions.
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Vice president: Gov't aims to nullify sanctions' effects
Tehran, IRNA – Iranian Vice-President for Economic Affairs Mohsen Rezaei said that one of many objectives of President Ebrahim Raisi’s recent visit to Moscow is to nullify unlawful sanctions.