One of the Iranian guides said that last month he brought 150 businessmen from Russia to Tehran, while before the pandemic he took 40 Russian tourists.
Iran has started arranging tours for Russian businessmen who have suffered from Western sanctions and want to learn from Iran’s experience of living under the sanctions, the Financial Times reports.
After Western sanctions against Russian companies, they were “very interested to know how Iranians are living under U.S. sanctions,” the publication wrote, citing Ali, an Iranian tour guide who refused to give his full name.
He said just last month he brought 160 Russians, mostly businessmen, to Tehran, compared to 40 mostly Russian tourists in a typical month before the pandemic.
“Previously Russian businessmen visited Iran to sell products, belittling the Iranian business. But now they are looking to buy Iranian products,” the source said.
The Russians are mainly interested in parts of heavy equipment and building materials, he added.
It was noted that US sanctions have effectively severed Iran’s relationship with the global financial system.
“But Apple phones are not the only Western product available in Iran. Although Chinese brands are dominant, it is also possible to buy items from leading Western companies such as Philips and Bosch. Some are brought in by individuals from abroad, businessmen believe that Turkey and northern Iraq are popular routes to evade US sanctions.
The source of the publication said that the Russians are far behind the Iranians in terms of connections and access to global black markets to buy spare parts and goods of European and American production.
Noticed that Iran’s economy has been hit by sanctions, the republic is experiencing high inflation and high levels of poverty, but the ability of Iranian businesses to export and import around the sanctions has helped reduce the impact of restrictions.
Iranian authorities see new opportunities in interaction with Russia in the face of sanctions against it. In particular, Iran is already benefiting from rising world oil prices, the publication concludes.
Earlier it was found that the sanctions in the West affected 87% of companies in Russia.
It was also reported that VAT collections in Russia fell by 54%. According to the results of April, the budget of the Russian Federation for the first time this year was in deficit – expenditures exceeded revenues of 262 billion rubles.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.