Iran, Russia ink $1.6 billion rail deal to rival Suez Canal

Russian President Vladimir Putin and Iran's President Ebrahim Raisi hold a meeting in Tehran on July 19, 2022. - Iran's president will host his Russian and Turkish counterparts for talks on the Syrian war in a three-way summit overshadowed by fallout from the Russian invasion of Ukraine. (Photo by Sergei SAVOSTYANOV / SPUTNIK / AFP) (Photo by SERGEI SAVOSTYANOV/SPUTNIK/AFP via Getty Images)

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Russian President Vladimir Putin takes part in the ceremony of signing an agreement on the construction of the Rasht-Astara railway.

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Iran, Russia ink $1.6 billion rail deal to rival Suez Canal

Subscribe for less than $9/month to access this story and all Al-Monitor reporting.