Iran exports to Russia hit high of $2B as sanctions strengthen alliance
The significant jump in Iranian exports to Russia is indicative of the two states' increasing focus on joint solutions to circumvent international sanctions that have squeezed their economies.
TEHRAN — Iran's exports to Russia passed the $2 billion mark in 2023, Iran's ambassador to Moscow said in an interview with the state-run IRNA news agency on Monday.
The figure, according to Kazem Jalali, marked a considerable jump compared to previous years. Fruits, polymer products, vehicles and non-metal minerals and chemical products top the list of Iranian commodities shipped to Russia, according to the Tehran-based Navad-e Eghtesadi news website, which tracks the country's economic developments.
Also, data released in November by the Tehran Chamber of Commerce indicated that Iran's exports to Russia witnessed a 30% rise throughout the year. But Russian exports to Iran in recent years come mainly from the agricultural sector.
Both under severe international sanctions, Moscow and Tehran have grown increasingly closer in their economic alliance, particularly since the Russian invasion of Ukraine in February 2022. The war resulted in Russia becoming the world's most sanctioned state, a spot earlier held by Iran.
