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Russia to sign export deals worth $21 billion with Iran

Russia is going to seal export deals worth $21 billion with Iran on Vladimir Putin’s visit to the country. The contracts included production and procurement of satellite-related equipment and Sukhoi Superjet 100 passenger aircraft. On the eve of Putin’s visit, new president of Sukhoi Civil Aircraft Ilya Tarasenko said the company was in advanced talks to sell 100 Sukhoi jets to Iran.

Russia has acted swiftly to cement ties with Iran after an international nuclear accord was reached with the Islamic Republic in July. Putin’s visit to Tehran is his first in eight years. It comes at a sensitive time when bilateral cooperation in fighting terrorism in Syria and Iraq and thwarting West’s sanctions on both countries have drawn Iran and Russia closer to each other.

Russian Energy Minister Alexander Novak called Tehran as Moscow’s "most important economic and trade partner". The two countries, he said, have devised a package of projects worth $35 billion to $40 billion.

Source: Press TV