Russia, Iran Officially Ditch U.S. Dollar for Trade

Russia and Iran have concluded a deal to conduct trade using their respective local currencies rather than the U.S. dollar, as reported by Iran’s state media.

This move is significant, given that both nations are currently under U.S. sanctions.

In recent times, Moscow has been strengthening its ties with Tehran, as evidenced by Iran’s announcement in November that it would supply Russia with Su-35 fighter jets, Mi-28 attack helicopters, and Yak-130 pilot training aircraft, Oil Price reported.

READ MORE: https://oilprice.com/Latest-Energy-News/World-News/Russia-Iran-Officially-Ditch-US-Dollar-for-Trade.html

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