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 prices of some life-saving medicines have soared to levels that are unaffordable for ordinary people in Venezuela as the United States has ramped up military presence in the Caribbean off Venezuela's coast, alongside escalating sanctions, blockades and military threats against the oil-rich South American nation since late August.
https://www.presstv.ir/default/Embeded/761400
At a northeastern suburb in the capital city Caracas, locals can still purchase most of the commonly used medicines at a major supermarket, where some antibiotics have been sold out, and some first-aid medicines and supplies have become too costly for ordinary residents.
"I'm here mainly to buy antibiotics. I have problems with my lungs. But I can't get all I want, such as vancomycin," said a resident named Alfonso.
"Recent tensions have affected the supplies and prices of drugs. The prices of cancer drugs, insulin drugs and albumin are very high, and most patients here cannot afford them," said Giovanna Gonzalez a ...
Russian President Vladimir Putin says Moscow is prepared to use military force to achieve the goals of its special military operation if Ukraine continues to delay peace talks.
During an inspection of a Russian armed forces command post on Saturday, Putin stressed that Moscow will not allow Kiev’s obstruction to prevent progress.
“If the Kiev authorities do not want to resolve the matter peacefully, we will accomplish all the tasks before us in the course of the special military operation by military means,” he said.
The Russian leader noted that the Ukrainian authorities are not moving toward a peaceful resolution, adding, “We see that even today, unfortunately, the leaders of the Kiev regime are in no hurry to resolve this conflict peacefully. I spoke about this a year ago in a speech at the Ministry of Foreign Affairs.”
Putin also received reports from Chief of General Staff Valery Gerasimov and commanders of Russia’s “Centre” and “East” military groups.
Meanwhile, ...
