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/
Volker Turk has warned that efforts to advance reparatory justice are facing resistance in “certain quarters,” and urged countries to back Africa’s push.
Reparatory justice for historical crimes, including colonialism, enslavement, and the trade in enslaved Africans, is crucial to dismantling systemic racism, UN High Commissioner for Human Rights Volker Turk has said.
Speaking at the UN Permanent Forum on People of African Descent on Tuesday, Turk linked present-day discrimination against people from the continent to the enduring legacy of colonialism and enslavement.
”Racism and dehumanizing rhetoric continue to permeate public institutions, communities, and online platforms,” he said, according to the UN Press Service. Turk noted that “digital technologies, including AI, are reproducing and amplifying existing biases against people of African descent.”
The remarks come weeks after the UN General Assembly adopted a resolution declaring the transatlantic slave trade “the gravest...
The US VP had to defend President Trump’s Gaza policy at a rally on a Georgia college campus.
US Vice President J.D. Vance was forced to defend Washington’s policy in Gaza after he was booed and heckled at a key MAGA event on Wednesday.
Co-founded by the late Charlie Kirk, Turning Point USA (TPUSA) is a conservative student group that has long been seen as a strong support base of President Donald Trump’s MAGA movement but is now showing apparent cracks.
Less than 15 minutes into a TPUSA event at the University of Georgia on Wednesday, Vance was interrupted by hecklers over US policy in Gaza, with one audience member shouting, “Jesus Christ does not support genocide!” As he attempted to respond, others shouted, “You’re killing children!” and “You’re bombing children!”
Vance replied by referring to Trump’s achievements as president, including securing a fragile ceasefire in Gaza, something he said the previous administration of Joe Biden failed to do.
“I ...
Sergey Shoigu has cautioned Finland and the Baltic states against allowing Kiev to use their airspace for attacks on Russia.
Russia would have the right to retaliate if Finland and the Baltic states are deliberately allowing Ukrainian drones to pass through their airspace, Security Council Secretary Sergey Shoigu said on Thursday.
“Recently, there has been an increase in Ukrainian drone strikes against Russia via Finland, Lithuania, Latvia, and Estonia,” Shoigu told journalists. “As a result, civilians are suffering and significant damage is being caused to civilian infrastructure.”
Either Western air defenses are proving ineffective, or these four countries “deliberately provide their airspace, thereby becoming open accomplices in aggression against Russia,” he added. In the latter case, Moscow has the right to self-defense in response to an “armed attack” under Article 51 of the UN Charter, the security chief stressed.
In recent weeks, Kiev has intensified drone strikes on ...
