Closer Russia-Iran cooperation to change geopolitical situation in Middle East

December 28, 2015 9:40 PM

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Russian President Vladimir Putin gave instructions on December 21 to set up a study group for establishing a free trade area between the Eurasian Economic Union (EAEU) and Iran. At the same time, the Eurasian Economic Commission, which is the EAEU’s executive body, has decided to accelerate the consideration of the issue of reducing import duties on agricultural produce from Iran.

Putin said during his visit to Iran in late November that the sides would intensify industrial cooperation, for which Russia was ready to disburse a $5 billion government export loan. Russia and Iran have selected 35 priority projects for cooperation in power engineering, construction, sea terminals...

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