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.



Iran's Top Diplomat to Visit China on Tuesday

Iran's Foreign Minister Abbas Araqchi attends a press conference following a meeting with Russia's Foreign Minister Sergei Lavrov in Moscow, Russia, April 18, 2025. (Reuters)
Iran's Foreign Minister Abbas Araqchi attends a press conference following a meeting with Russia's Foreign Minister Sergei Lavrov in Moscow, Russia, April 18, 2025. (Reuters)
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Iran's Top Diplomat to Visit China on Tuesday

Iran's Foreign Minister Abbas Araqchi attends a press conference following a meeting with Russia's Foreign Minister Sergei Lavrov in Moscow, Russia, April 18, 2025. (Reuters)
Iran's Foreign Minister Abbas Araqchi attends a press conference following a meeting with Russia's Foreign Minister Sergei Lavrov in Moscow, Russia, April 18, 2025. (Reuters)

Iran's Foreign Minister Abbas Araqchi will visit China on Tuesday, foreign ministry spokesperson Esmaeil Baghaei said on Monday, ahead of a third round of nuclear talks between Tehran and Washington due on Saturday in Oman.

In a trip to Moscow last week, Araqchi told state TV that Tehran always closely consults with its friends, Russia and China, over the nuclear issue.

"It is natural that we will consult and brief China over the latest developments in Iran-US indirect talks," Baghaei said, adding that Beijing can play a constructive role in this process.

Long-time foes Iran and the US started negotiations earlier this month with the aim of placing limits on Tehran's nuclear program, which Western powers say is geared toward developing nuclear weapons.

Tehran has long denied such accusations and seeks in exchange the lifting of US sanctions that were re-imposed by President Donald Trump during his first term in office (2017-2021), when he withdrew from a 2015 nuclear pact between Iran and world powers, including China and Russia.

Since taking office in January, Trump has ratcheted pressure on Iran and has for the first time sanctioned Chinese "teapot" refineries - small, independent plants - that process Iranian crude oil and have provided an economic lifeline to Tehran's squeezed economy.

"The policy of maximum pressure is not just against Iran but also other countries and goes against freedom of trade. In the case of China, sanctions also seek to disrupt south-south cooperation," Baghaei said.

Beijing accounted for at least 77% of Iran’s roughly 1.6 million bpd of exported crude in 2024, according to analytics firm Kpler. The value of Iran's crude sales to China is not officially disclosed, but a Reuters calculation puts the trade at nearly $29 billion last year, assuming a 20% discount to Brent crude prices to include the cost of logistics.

"China and Iran have maintained exchanges and contacts at all levels and in various fields. With regard to the specific visit mentioned, I have no information to offer at the moment," Chinese Foreign Ministry spokesperson Guo Jiakun said on Monday regarding Araqchi's upcoming visit.