Latest news with #AlexeiOverchuk
Saba Yemen
17-05-2025
- Business
- Saba Yemen
Russia, Afghanistan Sign 5 Memoranda of Understanding to Boost Economic, Trade Cooperation
Kabul - Saba: Afghanistan and Russia signed five memoranda of understanding during the Afghan-Russian Business Forum as part of the Russia-Islamic World: Kazan Forum International Economic Forum, according to the office of the Afghan Deputy Prime Minister. According to the office, the signing ceremony, held on Friday, was attended by Abdul Ghani Baradar Akhund, Deputy Prime Minister of the Islamic Emirate of Afghanistan for Economic Affairs, and Alexei Overchuk, Deputy Prime Minister of Russia, according to Sputnik News Agency. The statement explained that "the memoranda of understanding cover areas such as transportation and transit, and stipulate cooperation between the Ministries of Transport and Aviation in Afghanistan and Russia. Agreements were also reached to strengthen trade relations between the Chambers of Commerce and Industry of both countries." Whatsapp Telegram Email Print more of (International)
The Print
16-05-2025
- Business
- The Print
Survey in Afghanistan for Trans-Afghan Railway to be completed by 2026, says Russian ministers
The trans-Afghan transport corridor will connect the European Union, Russia, Uzbekistan, Afghanistan, Pakistan, India and Southeast Asia. Uzbekistan's southern-most town Termez is already linked with North Afghanistan's Khairaton by the Soviet built railway. The feasibility study of the trans-Afghan railway is due to be ready in early 2026, Russian Deputy Prime Minister Alexei Overchuk said at the 16th international economic forum Russia-Islamic World: KazanForum 2025. Moscow, May 16 (PTI) Russia and Uzbekistan are conducting a feasibility survey work in Afghanistan for the Trans-Afghanistan Railway project, which, if implemented, will provide access to landlocked central Asian countries to the Indian subcontinent, Russian ministers said Friday. 'Russian and Uzbek railway specialists are drafting the feasibility study of the trans-Afghan railway construction project together. We are expecting the project feasibility study to be ready in early 2026 so that decisions on its implementation could be made,' Overchuk was quoted by independent Interfax news agency as saying. State-run news agency TASS reported quoted Russian Deputy Transport Minister Dmitry Zverev as describing that the Trans-Afghan Highway will fundamentally change the geography and transport geography of the region. 'Thanks to the multilateral working group, surveys are currently underway on the territory of Afghanistan. They are being carried out by Uzbek Railways together with Russian colleagues, which will allow us to prepare the primary material for the preparation of a feasibility study,' Zverev announced at the Russia-Islamic World: KazanForum 2025 forum being held in Muslim-majority region Tatarstan's capital Kazan. Interfax said a preliminary agreement on Russia's participation in the project was reached in early April 2024, during Uzbek President Shavkat Mirziyoyev's visit to Moscow. The Uzbek Transport Ministry said earlier it would take at least five years to build the trans-Afghan railway, the tentative cost of which might reach USD 4.8 billion, it added. PTI VS NPK NPK This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Straits Times
15-05-2025
- Business
- Straits Times
Russian-backed union free trade deal with Iran goes into effect
MOSCOW - The Russian-led Eurasian Economic Union (EEU) free trade deal with Iran went into effect on Thursday, paving the way for increased trade across sectors ranging from agriculture to metals, a senior Russian official was quoted as saying. The EEU also includes Kazakhstan, Belarus, Armenia, and Kyrgyzstan, but Russia is by far the largest economy in the union. Russia and Iran have grown closer in recent years and trade between the two countries, both heavily sanctioned by the West, grew by 16% to $4.8 billion last year. Moscow and Tehran signed a 20-year strategic partnership agreement in January, the two countries have supplied each other with weapons, and Russia has defended what it says is Tehran's right to peaceful nuclear energy. "Over the past decades, Iran has protected its market by encouraging the development of its own competencies within the country, and for the first time in its history, has opened its market to goods from third countries," Deputy Prime Minister Alexei Overchuk told Russian news agencies. He estimated that the average tariff applied by Iran to Russian goods under the deal will fall to 5.2% from the current 16.7%, saving Russian exporters about $300 million a year. Iran's Oil Minister Mohsen Paknejad, who visited Moscow in April, stated that the free trade deal will increase bilateral trade to $6 billion. Iran was the third-largest buyer of Russian wheat in 2024. Overchuk said that Russian exporters of rolled products, metal structures, pipes, paper, radar equipment, grains, sunflower, soybean, and rapeseed oils, as well as sunflower seeds, are set to receive the most benefits from the deal. The Kremlin said on Wednesday that Russian President Vladimir Putin has an invitation to visit Iran, but the dates have not yet been agreed. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
Yahoo
15-05-2025
- Business
- Yahoo
Russian-backed union free trade deal with Iran goes into effect
MOSCOW (Reuters) -The Russian-led Eurasian Economic Union (EEU) free trade deal with Iran went into effect on Thursday, paving the way for increased trade across sectors ranging from agriculture to metals, a senior Russian official was quoted as saying. The EEU also includes Kazakhstan, Belarus, Armenia, and Kyrgyzstan, but Russia is by far the largest economy in the union. Russia and Iran have grown closer in recent years and trade between the two countries, both heavily sanctioned by the West, grew by 16% to $4.8 billion last year. Moscow and Tehran signed a 20-year strategic partnership agreement in January, the two countries have supplied each other with weapons, and Russia has defended what it says is Tehran's right to peaceful nuclear energy. "Over the past decades, Iran has protected its market by encouraging the development of its own competencies within the country, and for the first time in its history, has opened its market to goods from third countries," Deputy Prime Minister Alexei Overchuk told Russian news agencies. He estimated that the average tariff applied by Iran to Russian goods under the deal will fall to 5.2% from the current 16.7%, saving Russian exporters about $300 million a year. Iran's Oil Minister Mohsen Paknejad, who visited Moscow in April, stated that the free trade deal will increase bilateral trade to $6 billion. Iran was the third-largest buyer of Russian wheat in 2024. Overchuk said that Russian exporters of rolled products, metal structures, pipes, paper, radar equipment, grains, sunflower, soybean, and rapeseed oils, as well as sunflower seeds, are set to receive the most benefits from the deal. The Kremlin said on Wednesday that Russian President Vladimir Putin has an invitation to visit Iran, but the dates have not yet been agreed.
Reuters
15-05-2025
- Business
- Reuters
Russian-backed union free trade deal with Iran goes into effect
MOSCOW, May 15 (Reuters) - The Russian-led Eurasian Economic Union (EEU) free trade deal with Iran went into effect on Thursday, paving the way for increased trade across sectors ranging from agriculture to metals, a senior Russian official was quoted as saying. The EEU also includes Kazakhstan, Belarus, Armenia, and Kyrgyzstan, but Russia is by far the largest economy in the union. Russia and Iran have grown closer in recent years and trade between the two countries, both heavily sanctioned by the West, grew by 16% to $4.8 billion last year. Moscow and Tehran signed a 20-year strategic partnership agreement in January, the two countries have supplied each other with weapons, and Russia has defended what it says is Tehran's right to peaceful nuclear energy. "Over the past decades, Iran has protected its market by encouraging the development of its own competencies within the country, and for the first time in its history, has opened its market to goods from third countries," Deputy Prime Minister Alexei Overchuk told Russian news agencies. He estimated that the average tariff applied by Iran to Russian goods under the deal will fall to 5.2% from the current 16.7%, saving Russian exporters about $300 million a year. Iran's Oil Minister Mohsen Paknejad, who visited Moscow in April, stated that the free trade deal will increase bilateral trade to $6 billion. Iran was the third-largest buyer of Russian wheat in 2024. Overchuk said that Russian exporters of rolled products, metal structures, pipes, paper, radar equipment, grains, sunflower, soybean, and rapeseed oils, as well as sunflower seeds, are set to receive the most benefits from the deal. The Kremlin said on Wednesday that Russian President Vladimir Putin has an invitation to visit Iran, but the dates have not yet been agreed.
