Tehran Urges Moscow to Accelerate Efforts to Reduce Impact of Dollar

Iran's Secretary of the Supreme National Security Council Ali Shamkhani meets with Russia's Presidential Aide Igor Levitin in Tehran, Iran, April 9, 2023. WANA (West Asia News Agency) via Reuters
Iran's Secretary of the Supreme National Security Council Ali Shamkhani meets with Russia's Presidential Aide Igor Levitin in Tehran, Iran, April 9, 2023. WANA (West Asia News Agency) via Reuters
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Tehran Urges Moscow to Accelerate Efforts to Reduce Impact of Dollar

Iran's Secretary of the Supreme National Security Council Ali Shamkhani meets with Russia's Presidential Aide Igor Levitin in Tehran, Iran, April 9, 2023. WANA (West Asia News Agency) via Reuters
Iran's Secretary of the Supreme National Security Council Ali Shamkhani meets with Russia's Presidential Aide Igor Levitin in Tehran, Iran, April 9, 2023. WANA (West Asia News Agency) via Reuters

Iran’s Secretary of the Supreme National Security Council Ali Shamkhani urged Russian President Vladimir Putin’s special assistant, Igor Levitin, to speed up the path of reducing the influence of the dollar in economic exchanges.

During a meeting with Levitin in Tehran, Shamkhani stated that “the path towards reducing the influence of the dollar in regional and international economic transactions, which has been joined by many countries, will lead to undermining the West's domination over the global economy to the lowest possible level.”

According to the official news agency IRNA, Shamkhani mentioned finalized initiatives between Russia and Iran regarding financial and banking exchanges with the aim of funding joint projects.

He described this as “an effective model in thwarting the West's illegal sanctions on both countries.”

The officials also discussed the application of agreements in various economic and banking fields, including the implementation of the North-South Transport Corridor project.

They also agreed on Russian investment in the remaining part of the road in northern Iran.

Shamkhani expressed Iran's satisfaction with the growing economic cooperation between Tehran and Moscow. He emphasized the need to activate mechanisms to accelerate the pace of implementing economic projects between the two countries.

During Levitin's visit to Iran last January, the two countries agreed that the remaining part of the North-South strategic corridor, in Iran’s northern Rasht-Astara route, will be built with the direct investment of Russia.

The North-South Transport Corridor is a network for moving freight between Iran, Russia, Azerbaijan and other countries in Asia and Europe.

In his meeting with Shamkhani, Levitin presented a report on the latest developments related to commercial, banking, and joint economic projects.

“Moscow is ready to implement joint plans and projects as soon as possible, especially in the field of transit and investments in various economic sectors in Iran, including steel, oil, and petrochemicals,” said Levitin.



Iran’s President Insists Tehran Does Not Seek a Nuclear Bomb and Dangles US Business Opportunities 

02 February 2025, Iran, Tehran: Iranian President Masoud Pezeshkian visits an exhibition that showcases the defense ministry's latest advancements in defense and space in Tehran. (Iranian Presidency/dpa)
02 February 2025, Iran, Tehran: Iranian President Masoud Pezeshkian visits an exhibition that showcases the defense ministry's latest advancements in defense and space in Tehran. (Iranian Presidency/dpa)
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Iran’s President Insists Tehran Does Not Seek a Nuclear Bomb and Dangles US Business Opportunities 

02 February 2025, Iran, Tehran: Iranian President Masoud Pezeshkian visits an exhibition that showcases the defense ministry's latest advancements in defense and space in Tehran. (Iranian Presidency/dpa)
02 February 2025, Iran, Tehran: Iranian President Masoud Pezeshkian visits an exhibition that showcases the defense ministry's latest advancements in defense and space in Tehran. (Iranian Presidency/dpa)

Iran's president again pledged Wednesday that his nation is "not after a nuclear bomb" ahead of talks between Tehran and the United States, going as far as dangling the prospect of direct American investment in his country if the countries can reach a deal.

The comments by reformist President Masoud Pezeshkian represent a departure from Iran's stance after its 2015 nuclear deal with world powers, in which Tehran sought to buy American airplanes but in effect barred US companies from coming into the country.

"His excellency has no opposition to investment by American investors in Iran," Pezeshkian said in a speech in Tehran, referring to Iran's Supreme Leader Ali Khamenei. "American investors: Come and invest."

Such a business proposal could draw the interest of US President Donald Trump, who withdrew America from Iran’s nuclear deal with world powers in his first term and now seeks a new agreement with the country.

Pezeshkian, who campaigned on a platform of outreach to the West during his election last year, also added that Saturday's talks in Oman between Iranian Foreign Minister Abbas Araghchi and US Mideast envoy Steve Witkoff would be conducted "indirectly." Trump has said the talks would be direct negotiations — something Tehran hasn't ruled out after the first round of discussions.

"We are not after a nuclear bomb," Pezeshkian added. "You (in the West) have verified it 100 times. Do it 1,000 times again."