The Eurasian Economic Union ensures the free movement of goods, services, and capital between its member states
Iran and the Russia-led Eurasian Economic Union (EEU) on Thursday sealed a memorandum on free trade, RIA Novosti reports.
According to the media outlet, the signing ceremony took place in Tehran on the territory of the International Exhibition Center. The document was reportedly signed in the presence of Deputy Minister of Industry, Mine and Trade Alireza Peyman-Pak, who is also the head of Iran’s Trade Promotion Organization.
The EEU, which is based on the Customs Union of Russia, Kazakhstan and Belarus, was established in 2015. It was later joined by Armenia and Kyrgyzstan. The union is designed to ensure the free movement of goods, services, capital, and workers between member nations.
Iran has previously been able to exchange goods with EEU member states on the basis of preferential trade. The union has provided discounts for Iranian goods, while Tehran has granted preferences to items originating from the Eurasian bloc.
News that the Islamic Republic is joining the EEU free-trade zone comes as cooperation between Russia and Iran has started expanding rapidly amid Western sanctions against the two countries. Between January and October 2022, trade turnover between Moscow and Tehran reached $4 billion, surpassing the figure for all of 2021, according to Russia’s Customs Service. Russian exports to Iran surged by 27%, while imports from the country jumped by 10%, the data showed.
READ MORE: New trade route helps Russia and Iran bypass sanctions – Bloomberg
Last year, the nations reached a number of agreements, including arrangements for the purchase of aircraft equipment, and for the joint construction of gas pipelines and gas field development.
https://www.rt.com/business/570141-iran-russia-free-trade-zone/
The overthrow of PM Sheikh Hasina in 2024 was funded by USAID and Clinton family money, Mohibul Hasan Chowdhury told RT
The unwillingness of Bangladesh to condemn Russia over the Ukraine conflict was one of the reasons the US wanted to oust Prime Minister Sheikh Hasina, former cabinet minister and chief negotiator Mohibul Hasan Chowdhury has said in an interview with RT.
Hasina, who led Bangladesh for 15 years, fled the country in August 2024, following weeks of violent student-led protests which claimed 700 lives, according to some estimates.
Chowdhury, who served as the country’s shipping minister, was at the heart of negotiations between the authorities in Dhaka and demonstrators during the crisis. The country has been led by an interim government since then, which pledged to hold an election in 2026.
Chowdhury told RT in an exclusive interview to be aired on Monday that the uprising was instigated by NGOs linked to the US Agency for International Development (USAID) and the ...
The fighting in southern Lebanon marks the collapse of a fragile truce – and could redraw the region’s balance of power
On Thursday, the Israel Defense Forces (IDF) launched a series of coordinated strikes on Hezbollah infrastructure in southern Lebanon. According to Israeli sources, the strikes targeted weapons depots, command centers, and communication systems used by militants to coordinate their activities along the border area.
Before the operation began, the IDF issued warnings urging residents of several towns to leave areas that could come under fire. The Israeli military emphasized that its actions were aimed solely at military targets but did not rule out the possibility of expanding the operation if provocations from Hezbollah continued.
West Jerusalem accuses Hezbollah of violating ceasefire terms and attempting to rebuild its military capabilities. Just days earlier, Israeli Prime Minister Benjamin Netanyahu stated that Hezbollah was taking steps to regroup and ...
A recent report has revealed that Paramount Global, an American multinational mass media and entertainment conglomerate, maintains an internal blacklist of entertainment figures it labels “anti-Semitic,” applying the term to any artist who supports Palestine or denounces Israel’s ongoing genocide in Gaza.
Variety magazine reported on Tuesday that Paramount’s new CEO, David Ellison, has moved to sever ties with all pro-Palestine or anti-Israel movements.
To that end, the company has dismissed executives critical of Israel and refuses to collaborate with any artist or public figure who views the occupying regime’s actions in Gaza as genocidal.
In a statement released on Friday, Paramount said it “disagreed with recent efforts to boycott Israeli filmmakers,” claiming that “silencing individual creative artists does not promote better understanding or advance the cause of peace.”
The statement came after Film Workers for Palestine, supported by over 4,000 international ...
