Trade: the Russian Federation and Iran for the development of relations is the currency of third countries

Trade: the Russian Federation and Iran for the development of relations is the currency of third countries


The Russian trade representative in Iran Andrei Lugansky also said that creating a Russian-Iranian Bank is very useful, however this is hampered by the inability to perform direct conversion of Rial into rubles.

MOSCOW, 10 Nov. Russia and Iran for the development of economic relations it is necessary to use the currency of third countries, where Iran exporting its oil, said in an interview with Russian Trade representative in Iran Andrei Lugansky.

Speaking about the difficulties that arise in the supply of grain from Russia to Iran, he noted that there are two main problems. “The first is quite high Russian prices. The second is for the purchases of Russian grain to Iranian traders need rubles”, — says the trade representative.

“The final consumer of the grain in Iran pays the merchant the net. The company, which would like to buy the grain, you need to contact the Central Bank of Iran or in commercial Bank. Iranian banks many third country’s currency: Chinese yuan, South Korean won, Japanese yen and others, because in these countries supplied Iran oil and petrochemicals,” he continued, Luhansk.

“In Russia it is not delivered. Thus, Iranian banks few roubles to convert rials to rubles for the purchase of grain,” he concluded.

With Luhansk said that creating a Russian-Iranian Bank is very useful, because for the development of relations between Russia and Iran require the use of currencies of third countries, where Iran supplies the oil.

“The only question is, who is the obstacle to the creation of this Bank is the fact that it was impossible to perform direct conversion of Rial into rubles. For such conversions, we will associate the rouble and the Rial, it will not be able to control even very high quality Russian fincontrol”, — says the head of the trade mission.

The full version of the interview is available on the website ria.ru at 12.00 MSK.