Iran gets opportunity to sell auto parts to Russian carmaker

[unrequitted_love_suzy]

Iran gets opportunity to sell auto parts to Russian carmaker

State media is reporting that a member of Iran’s syndicate of car parts manufacturers says Iranian producers have an opportunity to export their wares to a Russian carmaker

abcnews.go.com

Both Iran and Russia are under U.S. sanctions but the export of Iranian cars and car parts is not subject to sanctions.

The import of automobiles to Iran is also not subject to sanctions. However, Tehran has not imported cars since 2018, after the U.S. withdrew from a nuclear deal between Iran and world powers and imposed oil and banking sanctions on Iran.

Western nations stopped exporting to Russia after the invasion of Ukraine.

Iran in recent years has exported car radiators and suspension systems to Russia. In the past it exported cars to Iraq, Syria and Venezuela.

Tehran and Moscow have had close relations in recent years, especially after Iran’s sole nuclear power plant went online in 2011 with help from Russia.

Separately on Tuesday, Iran said it has played a mediatory role in the war in Ukraine.

 

[Ra'ad]

The more they trade the better for the both of them.