The worth of Iran’s international commerce with the Eurasian Financial Union (EAEU) international locations reached $2.7bn billion from the beginning of the Persian yr (starting on March 20, 2024), in accordance with Foroud Asgari, the top of Iran’s Customs Administration.
Talking to IRNA, Asgari detailed the commerce figures and mentioned Iran’s exports to the EAEU amounted to roughly $1.494 billion. This represents a 20.79% enhance in comparison with the identical interval final yr.
He famous that the biggest share of exports was directed to Russia, adopted by Armenia and Kazakhstan.
The EAEU was established in 2014. The grouping consists of Russia, Kazakhstan, Belarus, Kyrgyzstan, and Armenia, with Uzbekistan, Moldova, and Cuba as observer members.
In late December, the EAEU summit in Saint Petersburg, Russia, authorized Iran’s observer membership, marking a big step in regional financial integration.
The elevated commerce between Iran and international international locations comes because the Islamic Republic has been underneath heavy sanctions imposed by the US and different Western governments.
