Headlines
Iran parliament approves strategic pact with Russia
Published by Global Banking & Finance Review®
Posted on May 21, 2025
2 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 21, 2025
2 min readLast updated: January 23, 2026
Iran's parliament has approved a 20-year strategic partnership with Russia, focusing on military and economic cooperation amid Western sanctions.
DUBAI (Reuters) -Iran's parliament approved a 20-year strategic partnership on Wednesday between Moscow and Tehran, state media reported. The agreement represents a deepening of bilateral ties including closer defence cooperation.
Russian President Vladimir Putin and his Iranian counterpart Masoud Pezeshkian signed the strategic partnership document on January 17.
The Russian legislative branch approved the pact in April. While the agreement does not include a mutual defence clause, it says both countries will work together against common military threats, develop their military-technical cooperation, and take part in joint exercises.
Since the start of the war in Ukraine in 2022, Iran and Russia have deepened military ties, with Western countries accusing Iran of providing missiles and drones for Russian attacks on Ukraine. Tehran denies providing weapons for Russian use in Ukraine.
The strategic pact also includes several clauses aimed at boosting economic partnership, notably by strengthening direct interbank cooperation and promoting their national financial products.
A free trade deal between Iran and the Russian-led Eurasian Economic Union went into effect last week, cutting down tariffs to boost trade between the two economies, which are both under heavy Western sanctions.
(Reporting by Dubai NewsroomEditing by Frances Kerry)
Iran's parliament approved a 20-year strategic partnership with Russia.
The strategic partnership document was signed on January 17 by Russian President Vladimir Putin and Iranian counterpart Masoud Pezeshkian.
The strategic pact aims to enhance military cooperation and economic partnership, including direct interbank cooperation.
A free trade deal between Iran and the Russian-led Eurasian Economic Union went into effect last week, aimed at boosting trade.
Since the start of the war in Ukraine in 2022, Iran and Russia have deepened military ties, with accusations of Iran supplying missiles and drones to Russia.
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