16:11 GMT +3 hours28 June 2016
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President of Russia Vladimir Putin, right, and President of the Islamic Republic of Iran Hassan Rouhani

New Twist of Friendship: Russian Exporters Set Eyes on Iran's Market

© Sputnik/ Michael Klimentyev
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Hit by shrinking domestic demand for their products, many Russian companies are now looking towards Iran as a new market to absorb a wide range of Russian-made goods, from tractors and railway cars to planes and nuclear reactors.

During a recent trade and industry expo in Tehran, the Russian delegation, led by Trade and Industry Minister Denis Manturov discussed with their Iranian hosts areas of mutually-beneficial cooperation.

One preliminary result of those discussions was an agreement to sell 250 million euros’ worth of Russian-made rail freight cars to the Islamic Republic.

The sides also discussed the sale of 117 passenger cars for the underground rail system in the city of Qum. Russia’s is now in talks on the delivery of 1.2 billion euros’ worth of electric engines for the Garmsar-Inche Burun railway.

Also in the pipeline is the sale of 100 Sukhoi Superjet-100 airliners within the next five years, and of 15 Tu-204SM medium-range passenger and cargo jets for Iran’s Kish Air carrier.

Russia’s Rostselmash Company plans to cash in on the shortage of modern agricultural machines in Iran with the sale of 150 Vector combine harvesters the Iranians are ready to buy.

With much of Iran’s industrial enterprises running on outdated technology due to a standing Western ban on the sale of modern technology, the Iranians want to manufacture at least part of the products they are going to buy in Russia in their own country.

This would help them modernize their production facilities and gain access to new technologies.

Some elements of the Superjet-100 airline can be built in Iran, just like the metro cars Russia’s Transmashholding plans to sell to the Islamic Republic.

Related:
Friend in Deed: Iran Ready for Across-the-Board Cooperation With Russia
Russia, Iran to Negotiate Enhancing Bilateral Food Trade
Tags:
harvesters, airliners, railcars, economic cooperation, Russian exporters, Vector, Tu-204, Sukhoi SuperJet-100 (SSJ-100), Russian Ministry of Industry and Trade, Iran, Russia
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  • choticastile
    Difference is, that these two countries' bilateral relationship has at its base, integrity as the main ingredient, guaranteeing complete reliability on both sides for posterity. Makes one wonder how come, the west is incapable of recognising that such seamless cooperation, is to the benefit, not only of Russia and Iran, but of all countries genuinely committed to their own growth and prosperity. After all, when other parties, achieve success through cooperation, its natural to follow the pattern of their path to success.
  • Linda
    I have noted the very disturbing trend that third world nations demands a technological and production transfer to their countries to sign business deals nowadays. This will drain all developed nations of their thecnology and production that will move to third World countries. EU and US will loose lots of production and technology by this
  • Mitach2002
    All the nations that hate America will see the benefit of dealing with Russia.
  • justnfreein reply toMitach2002(Show commentHide comment)
    Mitach2002, Iran would happily buy air crafts, missiles, helicopters, tanks, submarines and warships from Russia. They would also like to increase other economic ties with Russians including investment in oil and gas sectors, civil infrastructures and agricultures too. But So far Russians backed off when Americans exerted pressure. S-300 deal is the best example. Iran never cared about any American rhetoric, threats or sanctions when they deal with their rivals. Russians thought they could trust Americans when they entered WTO and G8.
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