Baku, Azerbaijan, Feb. 20
By Khalid Kazimov – Trend:
Mir Business Bank of Russia and Bank Melli Iran are ready to back traders in a bid to boost bilateral economic ties, a senior Iranian banker said.
Mohammad-Reza Hoseinzadeh, the head of Bank Melli Iran, has said that creating strong banking ties is a requirement for meeting trade objectives between the two countries, IRNA news agency reported.
At a meeting with Dmitry Skobelkin, the deputy governor of the Central Bank of the Russian Federation, Hoseinzadeh added that Bank Melli Iran has established proper correspondent banking ties with several Russian banks.
Mir Business Bank is a Moscow-based subsidiary of Iran’s state-run Bank Melli facilitating money transfer between the two countries.
Trade turnover between Russia and Iran improved by 60 percent posting $2 billion in 2016, after removal of nuclear related sanctions on the Islamic Republic last year.
