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Head of Russian-Iranian Business Council at Russian Chamber of Commerce and Industry announced that method of clearing payments in national currencies between Iranian and Russian employers has so far exchanged $ 10 million.

Head of Russian-Iranian Business Council at Russian Chamber of Commerce and Industry announced that method of clearing payments in national currencies between Iranian and Russian employers has so far exchanged $ 10 million.

IBENA- what innovative method you have taken to boost trade between two countries? Vladimir Obidenov answered: In first step, method of clearing payments in national currencies between Iranian and Russian employers was introduced and launched this year. In this system; an Iranian buyer in his country buys goods which made in Russia by national currency of Iran (Rials) and a Russian buyer in Russia buys Iranian goods by national currency of Russia, Ruble, he added. More than $ 10 million has been bought and sold in this way so far.

In illegal US sanctions period, this method of payment is very important and there is a good prospect for development of its activities and lack of knowledge of Iranian businessmen about such system is main obstacle to its development. The head of the Russian-Iranian Business Council called another initiative of this center 'outsourcing' of Russian companies in business to Iranian companies and added: Russian side is responsible for providing services for transactions to Iranian side.

Outsourcing is the business practice of hiring a party outside a company to perform services or create goods that were traditionally performed in-house by the company's own employees and staff. This method helps Russian producers not to be subject to Western sanctions, doing business to Iran.

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