BR100 Decreased By (-0.59%)
BR30 Decreased By (-0.86%)
KSE100 Decreased By (-0.53%)
KSE30 Decreased By (-0.52%)
AGHA 6.60 Decreased By ▼ -0.07 (-1.05%)
BECO 4.36 Increased By ▲ 0.01 (0.23%)
BML 55.22 Decreased By ▼ -0.95 (-1.69%)
BOP 29.95 Decreased By ▼ -0.17 (-0.56%)
CNERGY 12.80 Decreased By ▼ -0.18 (-1.39%)
CSIL 5.28 Decreased By ▼ -0.03 (-0.56%)
FCCL 51.15 Decreased By ▼ -0.50 (-0.97%)
FFL 14.34 Decreased By ▼ -0.15 (-1.04%)
FNEL 1.20 Decreased By ▼ -0.01 (-0.83%)
KEL 6.02 Decreased By ▼ -0.04 (-0.66%)
KOSM 5.66 Decreased By ▼ -0.18 (-3.08%)
LOTCHEM 26.10 Decreased By ▼ -0.07 (-0.27%)
MLCF 88.95 Decreased By ▼ -2.28 (-2.5%)
NBP 162.48 Decreased By ▼ -1.71 (-1.04%)
NCPL 52.38 Decreased By ▼ -0.80 (-1.5%)
NPL 58.28 Decreased By ▼ -0.84 (-1.42%)
OGDC 312.90 Decreased By ▼ -0.49 (-0.16%)
PACE 9.66 Decreased By ▼ -0.11 (-1.13%)
PAEL 34.83 Decreased By ▼ -0.41 (-1.16%)
PIBTL 14.40 Decreased By ▼ -0.31 (-2.11%)
PPL 218.99 Decreased By ▼ -2.37 (-1.07%)
PRL 91.32 Increased By ▲ 0.10 (0.11%)
PTC 59.02 Decreased By ▼ -0.17 (-0.29%)
SSGC 22.92 Decreased By ▼ -0.38 (-1.63%)
TBL 8.62 Decreased By ▼ -0.13 (-1.49%)
TELE 7.43 Decreased By ▼ -0.18 (-2.37%)
TPL 21.50 Decreased By ▼ -0.53 (-2.41%)
TPLP 11.98 Decreased By ▼ -0.58 (-4.62%)
TREET 21.70 Decreased By ▼ -0.03 (-0.14%)
TRG 55.10 Decreased By ▼ -0.69 (-1.24%)
World

Iran parliament approves strategic pact with Russia

Published Updated
By

DUBAI: Iran’s parliament approved a 20-year strategic partnership on Wednesday between Moscow and Tehran, state media reported. The agreement represents a deepening of bilateral ties including closer defence cooperation.

Russian President Vladimir Putin and his Iranian counterpart Masoud Pezeshkian signed the strategic partnership document on January 17.

The Russian legislative branch approved the pact in April. While the agreement does not include a mutual defence clause, it says both countries will work together against common military threats, develop their military-technical cooperation, and take part in joint exercises.

Since the start of the war in Ukraine in 2022, Iran and Russia have deepened military ties, with Western countries accusing Iran of providing missiles and drones for Russian attacks on Ukraine. Tehran denies providing weapons for Russian use in Ukraine.

Iran to send Russia launchers for short-range missiles

The strategic pact also includes several clauses aimed at boosting economic partnership, notably by strengthening direct interbank cooperation and promoting their national financial products.

A free trade deal between Iran and the Russian-led Eurasian Economic Union went into effect last week, cutting down tariffs to boost trade between the two economies, which are both under heavy Western sanctions.

Comments

Comments are closed for this article.