Arab Today, arab today russia seeks to boost trade with uae and strengthen iran industrial links
Last Updated : GMT 00:57:03
Arab Today, arab today
Arab Today, arab today

Russia seeks to boost trade with UAE and strengthen Iran industrial links

Arab Today, arab today

Arab Today, arab today Russia seeks to boost trade with UAE and strengthen Iran industrial links

Russian minister of Industry and Trade Denis Manturov
Moscow - Arab Today

Russia wants to boost trade ties with the UAE at the same time as it pursues closer links with Iran.

The Russian trade minister Denis Manturov told The National that he wanted to grow the US$2 billion in trade with the UAE while also boosting industrial cooperation with Iran.

He has visited Tehran and Abu Dhabi in recent weeks, while last month the Russian president Vladimir Putin also visited Iran for the first time in almost a decade.

“Such a cooperation belongs to the realm of economics only, not politics,” he said.

Warming trade relations between Moscow and Tehran come as Arabian Gulf states led by Saudi Arabia and the UAE are fighting Iran-backed Houthi rebels in Yemen.

Russia has agreed to resume nuclear exports to Iran while a major export deal of the S-300 missile system to Iran has also been revived. The missile deal was originally signed in 2007, but deliveries were subsequently blocked by the Kremlin.

That triggered a $4bn lawsuit brought by Iran against Rosoboronexport, a unit of the military conglomerate Rostec that oversees military exports

As Russia has become isolated by the West over the conflict in Ukraine, the country is busy looking to forge new trade relationships to source raw materials for its own manufacturers and find new customers for its exports.

Mr Manturov said there was no conflict between Russia’s military exports to Iran and its desire to grow trade with other Gulf states.

“The trade turnover between Russia and Iran has been steadily growing,” he said. “The countries are efficiently cooperating in virtually every field including such industries as oil and gas, energy, metallurgy, machine tool technology, engine manufacturing, automotive, vehicles, aircraft production and others,” he said.

“Besides, we are working hard on establishing advanced joint venture projects, engineering centres and industrial parks. We also see excellent opportunities for military and technical cooperation with Iran, just like with any other country in the region.”

Russia also wants to increase its livestock trade with the UAE.

“In this context, a long-term and mutual investment partnership independent of any current political developments is moving to the forefront. It will facilitate the cooperation between the Russian Direct Investments Foundation and the largest UAE investment funds. We also pay special attention to enhancing the contractual and treaty conditions for our relations.”

Russia is also keen to boost visitor numbers from the UAE, opening the Russian National Tourist Office in June. “I am convinced that the number of UAE visitors to Russia will be growing year by year,” said Mr Manturov.

Russia has also been actively participating in defence and aviation exhibitions in the UAE.

Sukhoi, the Russian plane maker, and Russian Helicopters were present at the Dubai Airshow last month, while weapons makers such as Kalashnikov participated in the Idex defence exhibition in the capital in February.
Source: The National

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today russia seeks to boost trade with uae and strengthen iran industrial links Arab Today, arab today russia seeks to boost trade with uae and strengthen iran industrial links

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Russia, Iran ink economic deals

GMT 08:03 2017 Wednesday ,29 March

Russia, Iran ink economic deals
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 11:55 2017 Wednesday ,29 March

Need ‘gymspiration?’ The top fun fitness bloggers

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 05:17 2017 Wednesday ,29 March

Samsung to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday