According to Novak, the countries are expected to sign more than 10 contracts in the fields of construction and railway electrification.
"Two draft agreements are ready to be signed — these are the contracts of Zarubezhneft and Rosgeology. These contracts will be signed during the visit of Iranian President Hassan Rouhani to Russia. Now we are working on them," Alexander Novak stated.
"Everything will happen faster than before. Undoubtedly, the withdrawal of the sanctions played a great role in this direction. This progress contributes to the expansion of not only economic ties, but also of cooperation in the fields of technology and industry," the expert said.
According to him, during the period of international sanctions, there were barriers for cooperation between Iranian and Russian companies. If Russian companies were to have cooperated with Iran at that time, they would have serious difficulties in relations with other countries worldwide, the expert said.
"Now, with the sanctions lifted, the situation is changing for the better. And taking into account the fact that both countries show great interest in cooperation, the implementation of all signed agreements and projects will take place in time," he added.
On Tuesday, Iranian Ambassador to Russia Mehdi Sanaei also expressed hope for the creation of a free trade area between Iran and the Eurasian Economic Union (EAEU), which would bolster Russia-Iran economic relations.
Moscow and Tehran held talks on the establishment of the free trade area between the EAEU and Iran in February. After the negotiations, members of the EAEU prime ministerial council signed a directive ordering preparations for a temporary agreement on the establishment of the EAEU-Iran free trade zone.