The Governor of the Central Bank of Iran (CBI), Abdolnasser Hemmati, is visiting Russia to strengthen bilateral monetary and banking relations as Tehran and Moscow seek closer financial cooperation amid Western sanctions.
“The visit is aimed at expanding financial cooperation and strengthening banking interactions between the two countries,” the CBI announced.
“The two sides are expected to discuss ways to facilitate monetary exchanges, strengthen cooperation between central banks, and create new mechanisms to increase the volume of economic exchanges.”
Banking relations between Iran and Russia have entered a new phase in recent years following the intensification of Western sanctions against both countries.
To mitigate the impact of those sanctions, Tehran and Moscow have pursued extensive cooperation to connect banking networks, use national currencies and create alternative payment mechanisms aimed at reducing dependence on the dollar and facilitating trade.
Connecting the banking messaging systems of the two countries, expanding settlements in rials and roubles, and developing cooperation between commercial banks are among the most significant measures taken in this direction.
The CBI chief’s visit comes as Iran and the U.S. prepare to resume mediated talks following the signing of a memorandum of understanding in Switzerland on Friday, which includes provisions for the release of Iran’s blocked assets.
Before his departure, Hemmati said the agreement with the U.S. contains provisions intended to ensure the unblocking of Iran’s frozen funds.
“In formulating the provisions related to the release of assets, all past experiences and precedents have been taken into account,” the semi-official Tasnim News Agency quoted him as saying.
“Efforts have been made to ensure that the mechanisms foreseen in the agreement provide the highest possible level of certainty for access and utilisation of these resources.”
During the mediated talks, Iran has sought the release of funds reportedly worth around $60 billion that are held in China, India, Iraq, Japan, Qatar, South Korea, the Netherlands, the UAE and the U.S.
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Here's your AnewZ Daily Brief for 28 September 2026. These are the top stories making headlines in technology.
British police have arrested five men on suspicion of offences under the Explosives Act after a major security incident was declared near RAF Fairford, a British air base used by U.S. air forces in Gloucestershire, England.
Saudi Foreign Minister Prince Faisal bin Farhan has arrived in Washington for talks with U.S. Secretary of State Marco Rubio on bilateral ties and key regional and international developments, Saudi state news agency SPA reported.
Serbia's President Aleksandar Vučić resigned on Sunday, ending his second and final five-year term and paving the way for an early presidential election as the country prepares for a snap parliamentary vote on 25 October.
Freight on the Baku–Tbilisi–Kars railway could soon move faster across borders after Georgia, Azerbaijan and Türkiye signed a new customs protocol aimed at cutting delays and streamlining transit.
Afghanistan and Belarus have agreed to expand health cooperation, with a focus on medicines, medical equipment and training healthcare workers, following talks between the two countries’ health ministers in Minsk on Tuesday (29 September).
Saudi Arabia is facing a widening security challenge from Yemen as Houthi forces consolidate recent territorial gains along the Red Sea coast and step up attacks on the kingdom.
Afghanistan’s Ministry of Defence says its forces killed 28 fighters and captured 32 others in Nuristan after armed groups, including alleged Islamic State members, crossed the border from Pakistan on Saturday.
Iran’s Islamic Revolutionary Guard Corps (IRGC) says it has captured a second U.S. military unmanned underwater vehicle in the Strait of Hormuz, as tensions between Tehran and Washington remain high.
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