Iran and Russia's 20-Year Strategic Partnership: What You Need to Know

#IranRussiaPartnership
Iran and Russia have solidified a monumental 20-year strategic partnership, ratified by Iran's parliament and endorsed by Russia's legislature. Announced via state media, this pact underscores a new era of enhanced bilateral relations, focusing significantly on defense collaboration. This cooperation aims to bolster regional stability amidst global tensions, notably since the onset of the Ukraine conflict. The agreement, signed on January 17th and approved by Russia in April, also emphasizes economic ties, featuring interbank cooperation and promoting national financial products. Additionally, a new free trade deal with the Eurasian Economic Union promises to reduce tariffs and bolster trade.

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