OREANDA-NEWS. Representatives of major Russian and Iranian credit institutions and the central banks of the two countries held a meeting at the Bank of Russia to discuss priority avenues of interbank cooperation.

The main topics covered during the consultations were mutual opening of correspondence accounts by credit institutions and promotion of foreign trade settlements between both countries.

Besides the Bank of Russia and the Central Bank of Iran, representatives of the Ministry of Foreign Affairs of the Russian Federation, Embassy of the Islamic Republic of Iran in Russia, those of Moscow Exchange, JSC Russian Agency for Export Credit and Investment Insurance, SC Vnesheconombank, the Iranian and Russian credit institutions have participated in the event.

G. Kamyab, Vice Governor of the Central Bank of Iran, said during the meeting that lifting international financial sanctions on Iran was an important prerequisite for enhancing the Russian-Iranian interbank cooperation. This, in turn, would contribute to the development of trade and investment interaction of both countries.

The representatives of the Russian credit institutions who participated in the consultations confirmed their interest in establishing the settlement system with the Iranian banks as early as possible, which was of prime importance to provide services to major foreign trade projects.