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Iran Revives Trade Corridor Linking Russia to Asia

RUSSIA
  • As expected, the finance ministry have formally lifted the mandatory requirement for Russian exporters to sell 50% of their FX reserves, with any future mandatory FX sales to be decided by the foreign investment commission in partnership with the CBR.
  • An Iranian official has confirmed that Iran have begun the transit of Russian goods to India using a new trade corridor through the country. This revives a previously stalled project that links Russia to Asia via the Iranian North-South Transit Corridor.
  • In a piece in Russia Digest, the Russian Ambassador to India talked up Russia’s $5.4bln sale of S-400 missile systems to India, saying that the delivery is “proceeding well according to schedule”.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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