Tag Archives | Russia

Russia to Open $5bn Iran Credit Line

By John Lee. Russia plans to open a US$5 billion credit line for Iran to help finance infrastructure projects in the country, according to a report from AFP. During a visit by Moscow’s energy minister, Alexander Novak (pictured), to Iran on Thursday he told Iranian Telecommunications Minister Mahmoud Vaezi, “we hope we can open a […]

Does Iran even want Russia in Syria?

By Abbas Qaidaari, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The already complex situations in Iraq and Syria have become more complicated following the announcement that an intelligence sharing command base has been formed by Iran, Russia, Syria and Iraq. The base, which is slated […]

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Iran to Spend $21bn on Russian Equipment

Iran has reportedly signed contracts worth $21 billion to buy satellite equipment and aircraft from Russia. According to a report from Reuters, Manouchehr Manteghi, the managing director of Iran Aviation Industries Organization, said in an interview with Russian agency Sputnik that the contracts had been signed at the MAKS-2015 air show in Russia last month. […]

Video: Anti-Daesh Coordination with Iraq

From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Prime Minister Haider al-Abadi’s spokesman says Baghdad will step up coordination with Russia, Iran and Syria in the field of military intelligence to share and analyze information. Sa’ad al-Hadithi says the coordination committee […]

Russia’s Lukoil to sign MoU with Iran

By John Lee. Russia’s energy giant Lukoil is set to sign an MoU for boosting oil recovery, oil exploration and extraction with Iran, an Iranian deputy petroleum minister says. Cooperation was discussed between Minister of Petroleum Bijan Namdar Zangeneh and Lukoil Chief Executive Vagit Alekperov (pictured) in the wake of a new opening following the […]

Russia, Iran to Sign S-300 Contract Soon

By John Lee. Russia and Iran will sign an agreement for the delivery of advanced Russian-built S-300 anti-aircraft missile systems “soon,” Russian Deputy Foreign Minister Sergei Ryabkov reportedly said on Wednesday at the Russian Arms Expo 2015. He added that all political questions involved in the Iran S-300 deal have been solved, a possible reference […]

Winners and Losers if Sanctions Lifted

By John Lee. An analysis by Fortune magazine lists the expected winners and losers from a lifting of sanctions on Iran. Winners EU automakers: Companies such as Germany’s Mercedes-Benz, and Peugeot and Renault of France, are identified as being well positioned to take advantage of Iran’s large market. Oil services companies: Iran says it needs […]