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Tehran, Jan 27, IRNA – The chairman of the Board of Directors and Managing Director of the Export Guarantee Fund of Iran Abdollah Sajjadi said on Wednesday that Iran’s Export Guarantee Fund to Eurasian Economic Union countries covers up to $800 million. Sajjadi made the remarks at the Iran-Eurasia Economic Diplomacy Summit on Wednesday. Referring […]
Tehran, Jan 27, IRNA – The chairman of the Board of Directors and Managing Director of the Export Guarantee Fund of Iran Abdollah Sajjadi said on Wednesday that Iran’s Export Guarantee Fund to Eurasian Economic Union countries covers up to $800 million.
Sajjadi made the remarks at the Iran-Eurasia Economic Diplomacy Summit on Wednesday.
Referring to the limitations of Iran’s banking system due to outrageous US sanctions, he stated that the issuance of mutual guarantees with the help of peer institutions is one of the new strategies of this supporting institution to secure foreign trade.
Pointing to the allocation of $800 million to Eurasian Economic Union countries, including Russia, Kazakhstan, Armenia, Kyrgyzstan, and Belarus, he said that supporting exports through covering Eurasian political and commercial risks will be the fund’s top priority.
Eurasia is the largest continental area on Earth, comprising all of Europe and Asia. Primarily in the Northern and Eastern Hemispheres, it is bordered by the Atlantic Ocean to the west, the Pacific Ocean to the east, the Arctic Ocean to the north, and by Africa, the Mediterranean Sea, and the Indian Ocean to the south.
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Iran’s Minister of Transport and Urban Development has announced that the government plans to connect the Chabahar port in southeastern Iran to the country’s railway network through the city of Zahedan by the end of the current Iranian year ( late March 2025).
The secretary of Iran’s Supreme Council of Free Industrial-Trade and Special Economic Zones said sea passenger lines are planned to be launched from Qeshm and Kish islands to the Sultanate of Oman and Dubai in the United Arab Emirates (UAE).
The Bank for International Settlements (BIS) put Iran’s total deposits with foreign banks and financial institutions at more than $13 billion.
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