Iran gets opportunity to sell auto parts to Russian carmaker
Both Iran and Russia are under US sanctions but the export of Iranian cars and car parts is not subject to sanctions.
A member of Iran’s syndicate of car parts producers says Iranian producers have an opportunity to export their wares to a Russian manufacturer, state media reported.
The late Monday report quoted Hossein Bahrainian as saying “a prominent Russian car maker” requested parts from Iran. He did not name the manufacturer. He said it requested brake parts, airbags, air-conditioner parts and other components.
For the latest headlines, follow our Google News channel online or via the app.
Both Iran and Russia are under US sanctions but the export of Iranian cars and car parts is not subject to sanctions.
The import of automobiles to Iran is also not subject to sanctions. However, Tehran has not imported cars since 2018, after the US withdrew from a nuclear deal between Iran and world powers and imposed oil and banking sanctions on Iran.
Western nations stopped exporting to Russia after the invasion of Ukraine.
Iran in recent years has exported car radiators and suspension systems to Russia. In the past it exported cars to Iraq, Syria and Venezuela.
Tehran and Moscow have had close relations in recent years, especially after Iran’s sole nuclear power plant went online in 2011 with help from Russia.
With nearly a million cars made in 2021, Iran’s auto industry has long enjoyed a vast domestic market due to the monopoly that government factories have in the nation, which has a population of 84 million.
Read more: US weighs dropping Iran's IRGC from terrorism list: Reuters
-
In Iran, Russia’s war on Ukraine is a political flash point
During its 1979 revolution, Iran embraced the protest cry of “neither East nor West,” rejecting both the US and the Soviet Union, then locked in the ... World News -
Iran’s military helping smuggle weapons from Iraq to Russia: Report
“We don’t care where the heavy weapons go [because we don’t need them at the moment],” an Iran-backed Iraqi militia source told the Guardian. “Whatever is anti-US makes us happy.” World News