Specialized bilateral meetings held to expand Iran-Russia trade relations.

In line with ongoing efforts to enhance economic and trade relations between Iran and Russia, two targeted and high-level meetings were held in Moscow from June 3 to 8, 2025, which played a significant role in deepening industrial and banking cooperation between the two nations. With broad participation from banking executives, industrial managers, legal experts, and prominent economic advisors from both countries, these events became one of the most influential joint Iran-Russia initiatives in recent years.

Session I – Industrial Visit to TEK KOM Factory, Moscow

Date: June 5, 2025

The first session was held on June 5, 2025, and involved an official visit to the TEK KOM industrial complex, located on the outskirts of Moscow. TEK KOM is recognized as one of Russia’s leading manufacturing companies in the fields of industrial equipment, engineering components, and automated production systems.

During the visit, the Iranian delegation, comprising senior industrial managers, economic experts, and trade officials, toured the facility’s production lines, quality control processes, and managerial systems.

Discussions were held on several potential areas of cooperation, including:

• Export of industrial machinery and components from Russia to Iran
• Joint investment opportunities in manufacturing and infrastructure
• Transfer of technology and production know-how
• Establishment of TEK KOM sales and service offices in Iran

The visit laid a practical foundation for further dialogue and collaboration in industrial sectors between the two nations.

Session II – Iran-Russia Banking and Trade Forum at HSE University

Date: June 6, 2025

The second session was convened on June 6, 2025, at the Faculty of Economics of HSE University in Moscow. This specialized forum focused on the banking, legal, financial, and contractual aspects of Iran-Russia economic relations. Attendees included senior representatives of major Russian banks, SBER Bank, Poc Bank, and MIR Business Club, as well as prominent legal scholars, economists, business leaders, and international consultants.

Keynote speakers included:

• Dr. Stepan Guzey – Partner and Head of Office at Lidings Law Firm (Russia)
• Dr. Marat Zembatov – Head of Public Administration and Governance Dept. at HSE University
• Mr. Rustam Murataliev – Managing Director for Business Development in Iran at SBER Bank
• Rafia Reza – President of MIR Business Club
• Ms. Tatiana Kuzishchina – President of Poc Bank
• Mr. Baki Maneche – Attorney and Partner at Ferdowsi Legal
• Ms. Mina Alavash – Director of International Affairs at Asre Qalam Institute

Their presentations and case studies covered a wide range of topics, including:

• Solutions for cross-border money transfers between Iran and Russia
• Legal and technical barriers in banking transactions under sanctions
• Use of national currencies and non-dollar settlement systems
• The role of Russian banks in facilitating exports and imports
• Drafting international contracts and the importance of relevant legal expertise
• Feasibility of establishing joint credit lines between Iranian and Russian banks

One of the critical takeaways from the forum was the emphasis on Iran’s geographic advantage as a gateway to the Eurasian region. With a direct and well-developed road corridor between Iran and Moscow, it is anticipated that logistics and export cooperation will experience significant growth shortly. These routes are expected to become the operational backbone of future bilateral trade agreements.

In the interactive Q&A session, attendees raised practical questions on issues such as payment methods, cargo transportation logistics, banking guarantees, force majeure clauses, and contract termination conditions, all of which were addressed in detail by the panel of speakers.

This forum was met with great interest from the banking and industrial communities and is regarded as a key step toward building a more structured and sustainable economic partnership between Iran and Russia.