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Raisi Says Iran-Russia Cooperation Can Neutralize Limitations Imposed by US Sanctions

Russian President Vladimir Putin meets with his Iranian counterpart Ebrahim Raisi on the sidelines of the Shanghai Cooperation Organization (SCO) leaders' summit in Samarkand on September 15, 2022. (Photo by Alexandr Demyanchuk / SPUTNIK / AFP)
Russian President Vladimir Putin meets with his Iranian counterpart Ebrahim Raisi on the sidelines of the Shanghai Cooperation Organization (SCO) leaders' summit in Samarkand on September 15, 2022. (Photo by Alexandr Demyanchuk / SPUTNIK / AFP)
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Raisi Says Iran-Russia Cooperation Can Neutralize Limitations Imposed by US Sanctions

Russian President Vladimir Putin meets with his Iranian counterpart Ebrahim Raisi on the sidelines of the Shanghai Cooperation Organization (SCO) leaders' summit in Samarkand on September 15, 2022. (Photo by Alexandr Demyanchuk / SPUTNIK / AFP)
Russian President Vladimir Putin meets with his Iranian counterpart Ebrahim Raisi on the sidelines of the Shanghai Cooperation Organization (SCO) leaders' summit in Samarkand on September 15, 2022. (Photo by Alexandr Demyanchuk / SPUTNIK / AFP)

Russian President Vladimir Putin said on Thursday that a delegation of 80 large companies will visit Iran next week, Russian state-owned news agency RIA reported.

Putin and Iranian President Ebrahim Raisi are at a summit of the Shanghai Cooperation Organization in Samarkand, in Uzbekistan. Earlier, Iran's foreign minister said that Tehran had signed a memorandum to join the bloc.

"By signing the document for full membership of the SCO, now Iran has entered a new stage of various economic, commercial, transit and energy cooperation," Hossein Amirabdollahian wrote on his Instagram page.

Raisi said that the cooperation between Iran and Russia “can significantly neutralize the limitations imposed on our countries by the US sanctions.”

"Iran is determined to boost its ties with Russia, from economic to aerospace and political fields," Raisi said during his meeting with Putin, according to Iranian state media.

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UK's PM Confirms Plan to Boost Defense Spending to 2.5% of GDP

British Prime Minister Keir Starmer meets military personnel onboard HMS Iron Duke on December 17, 2024 in Tallinn, Estonia. (Photo by Leon Neal / POOL / AFP)
British Prime Minister Keir Starmer meets military personnel onboard HMS Iron Duke on December 17, 2024 in Tallinn, Estonia. (Photo by Leon Neal / POOL / AFP)
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UK's PM Confirms Plan to Boost Defense Spending to 2.5% of GDP

British Prime Minister Keir Starmer meets military personnel onboard HMS Iron Duke on December 17, 2024 in Tallinn, Estonia. (Photo by Leon Neal / POOL / AFP)
British Prime Minister Keir Starmer meets military personnel onboard HMS Iron Duke on December 17, 2024 in Tallinn, Estonia. (Photo by Leon Neal / POOL / AFP)

British Prime Minister Keir Starmer reiterated on Wednesday his Labour government's plan to increase defense spending to 2.5% of gross domestic product (GDP), after NATO called on members to boost spending to meet threats from Russia.

In an interview with LBC radio, Starmer was asked whether Britain would be willing to increase defense spending to 3% of GDP, but the leader repeated his government's position that it would plot a route to spending 2.5%.

"The commitment we've made is to set out a path to 2.5%," Reuters quoted him as saying. Starmer has said his government will set out that path next year
Last week, NATO head Mark Rutte warned the US-led alliance that it was not ready for the threats it would face from Russia in the coming years and called for a shift to a wartime mindset, with much higher defense spending beyond the 2% target.
US President-elect Donald Trump has called on NATO members to boost defense spending to 3% of economic output. The alliance estimates 23 of its 32 members will meet its target of dedicating 2% of GDP to defense this year.