Russia-Iran trade has grown by 28% over the past four years. Since 2022, more than 15 Iranian companies have entered or expanded in the Russian market, achieving financial success. Iran has strengthened its position by increasing exports of machinery, vehicles, chemical products, and textiles. Plastics, one of Iran’s key exports before 2022, have seen a sharp rise in demand due to supply gaps in Russia. Iran has also diversified its offerings, focusing on industrial components and agricultural products to further penetrate the Russian market, solidifying its role as a critical trade partner
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