Trade between Russia and Iran increased by more than 21 per cent in 2025, with positive growth continuing during the first seven months of 2026, Russian President Vladimir Putin announced during a meeting with Iranian President Masoud Pezeshkian in Turkmenbashi.
The two leaders discussed the development of bilateral cooperation, highlighting progress in trade, economic relations and humanitarian exchanges under the countries’ strategic partnership agreement, as
reported by Kremlin press service.
Putin noted that the agreement signed in early 2025 provides a foundation for strengthening cooperation across various sectors.
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The Russian President emphasised that economic cooperation continues to demonstrate sustained growth, with trade turnover increasing by more than one-fifth in 2025 and maintaining its upward trajectory in January–July 2026.
He also highlighted the expansion of humanitarian cooperation, noting that numerous cultural and other joint events are being organised in both countries.
Pezeshkian confirmed Iran’s commitment to further developing relations with Russia, describing cooperation in trade, the economy and humanitarian affairs as steadily advancing.
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He stressed that both countries have the political commitment needed to advance their partnership in accordance with the strategic agreement.
Pezeshkian also expressed confidence that the existing level of bilateral relations provides favourable conditions for accelerating cooperation across multiple sectors.
The meeting followed the leaders’ recent talks in Bishkek during the Shanghai Cooperation Organisation summit, reflecting continued high-level dialogue between Russia and Iran.