Two key states vow to ditch US dollar

Two key states vow to ditch US dollar

TEHRAN (FNA)- Russian Ambassador to Iran Levan Dzhagaryan underlined that Tehran and Moscow are making efforts to further broaden economic and banking ties and omit dollar from their trade amid the US sanctions.

“Increasing banking transactions will result in increasing of trade between the two countries,” Dzhagaryan said, addressing the “Khazar (Caspian Sea) National Day” conference in Babolsar in Northern Iran on Thursday.

“I hope that increasing in banking transactions will pave the way for further elimination of dollar from the two countries’ trade,” he added.

Dzhagaryan said that the level cooperation between Iran and Russia is high due to political will of the two sides.

"A Russia economic delegation will visit Iran's northern provinces in near future in order to increase economic and trade cooperation between two countries," he added.

In relevant remarks in July, Dzhagaryan had said that the US sanctions did not have any impact on Moscow-Tehran relations, adding that the two countries were resolved to further expand their mutual cooperation.