Iran, Russia Agree to Promote Trade

EghtesadOnline: The deal should help promote trade between the two countries, enhance use of export guarantees as an alternative to LCs and lower trade risks.

News ID: ۷۵۱۸۵۴

10 September 2022

Officials from the Export Guarantee Fund of Iran (EGFI) and the Russian Export Center signed a deal to facilitate trade exchange.

According to Reza Alikhani, the EGFI head, "The deal should help promote trade between the two countries, enhance use of export guarantees as an alternative to LCs and lower trade risks," the EGFI website quoted him as saying on the sidelines of the signing ceremony in Moscow on Thursday.

"Iranian businesses wanting to work with the Russians can approach the EGFI to check the creditworthiness and credit cap of their [potential] partners," he said.

According to the official, the same services are also available for Russian firms planning to export to Iran to make sure about their customers' credit rating and use trade finance facilities.