Bilateral trade between the two nations has grown by 12.4% in 2023, Moscow has said Russia and Iran have almost fully phased out using foreign currencies in bilateral trade, the Kremlin has said ahead of the BRICS summit in the Russian city of Kazan. The two nations cover more than 96% of mutual settlements in rubles and rials, the statement said. Bilateral trade volume has grown by 12.4% in the first eight months of this year alone, Moscow said, adding that, in 2023, it amounted to more than $4 billion. “Both nations’ leadership pays priority attention to developing trade and economic relations,” the statement sa
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