In accordance with Thursday’s nuclear energy deal reached during Iran-P5+1 talks, US and EU sanctions imposed on Iran will be suspended after the International Atomic Energy Agency (IAEA) verifies that Tehran is following through with the agreements. Russia’s Deputy Foreign Minister Sergei Ryabkov added that the UN arms embargo against Iran should also be lifted.
“Our countries have great potential for development of military-technical cooperation, the full scale of possible Russian arms deliveries to Iran could reach 11-13 billion dollars," Korotchenko told RIA Novosti.
According to Korotchenko, Russia could become a major supplier of military equipment to the Islamic Republic, as Tehran, planning an ambitious program of rearmament for the country's army and navy, is politically unlikely to buy weapons from Western countries.
On June 9, 2010, the UN Security Council passed a resolution implementing sanctions against Iran over its controversial nuclear program. Many of the sanction were military, including a ban on the sale of modern weapons to the country.
In October 2011, Russia delivered a ground-based 1L222 Avtobaza radar-jamming station to Iran. This was the first officially recorded sale following the introduction of sanctions.