News Column

Iran, Russia propose to establish joint financial firm

May 7, 2014



TEHRAN, May 7 (MNA) – Iran's ambassador to Moscow and Russian deputy-minister of finance have proposed establishment of a joint financial firm. Mehdi Senaei met with Alexei Vladimirovich Moiseev, Deputy Minister of Finance of the Russian Federation, where they emphasized upon expansion of economic cooperation between Iran and Russia especially in banking and insurance sector, and also on improved coordination to hold the 11th meeting of the Iran-Russia Joint Economic Commission. They also proposed that Iran and Russia establish a joint financial firm to 'facilitate trade exchanges and improve the level of financial services.' Senaei highlighted the necessity of the addressing the draft of the proposals by the Iranian side on cooperation on stock market and insuracnce. Russian deputy-minister of finance pointed to western and US sanctions against Iran and Russia, and welcomed using Iran's experiences in aborting the sanctions. Moiseev promised addressing the draft of Iran's proposal as soon as possible and be discussed in the commission. SH MNA END


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Source: Mehr News Agency (Iran)


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