News in Brief
Iran-Russia annual trade hits $4b: Senior businessman
The trade between Iran and Russia stands at $4 billion, as announced by the deputy head of the Iran-Russia Chamber of Commerce on Saturday.
Talking to ILNA, Roshanali Yekta said agro-products contribute to over 60 percent of Iran’s exports to Russia as the country is the main supplier of pistachio, dates, bell peppers and kiwifruits in the Russian market.
He went on to say that cereals, oilseeds and livestock are the main imported agricultural commodities from Russia.
“Iran became a member of BRICS by taking advantage of its economic diplomacy, and now it should take full advantage of the capacities of this membership,” Yekta stated.
He went on to say that there is a need to remove the existing restrictions on financial exchanges, if this happens, a multifold jump is waiting for Iran’s trade.
The senior trader put the annual trade of Russia at $700 billion, noting that Iran could play as the re-exporter of Russian products to global markets.
Iran casts over 169K tons of Al ingots in 3 months: IMIDRO
Iran produced more than 169,000 tons of aluminum ingots during the first three months of the current Iranian calendar year (starting on March 20), according to the figures by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).
Iran’s four major companies have produced 169,141 mt of aluminum ingots from March 20 to June 20, IRNA quoted the IMIDRO on Saturday as saying.
South Aluminum Corporation, Iranian Aluminum Company, Almahdi Aluminum Company and Iran Alumina Company were the main producers of the aluminum ingots in the said period.
According to the latest data, during the three months, 57,539 tons of alumina powder, 97,746 tons of aluminum hydrate, and 180,448 tons of bauxite were produced by Iran Alumina Company.