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Raisi And Putin Meet In Moscow, Iran To Deepen Cooperation With EAEU
Wires carrying comments from Iranian President Ebrahim Raisi ahead of a bilateral meeting with Russian President Vladimir Putin in Moscow.
- According to Reuters, Raisi told Putin: "We can make additional steps in cooperation in energy, agriculture and education."
- Comes as Tass reports that, "the Eurasian Economic Union [EAEU] and Iran are set to sign a free trade agreement in the near future," according to a handout released to reporters ahead of the bilat.
- The press package reads: "The reinvigoration of Russian-Iranian ties will be helped by the conclusion of a free trade agreement between the EAEU and Iran. The negotiations have been successfully completed, and the signing of the document will take place in the near future."
- According to Reuters, Raisi also made a number of comments on the war between Hamas and Israel, stating: "It's regretful that international organizations are not effective," indicating that the conflict may provide further political justification for Moscow and Tehran to deepen economic and political cooperation.
- MNI noted yesterday that Putin's whistle-stop tour to the Gulf did little to impact energy markets, but a focus on the Hamas-Israel war may help strengthen Russia's standing amongst Middle East partners and deflect attention from the war in Ukraine.
- Notably, Putin's bilateral engagements this week have included meetings with leaders from the UAE, Saudi Arabia, and Iran, three BRICS invitees and a central pillar of Moscow's strategy to limit economic isolation association with western sanctions.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.