Russian President Vladimir Putin and his Iranian counterpart Masoud Pezeshkian have signed a Comprehensive Strategic Partnership Agreement in Moscow on Friday, according to the Kremlin.
The two leaders have said that the landmark document, which covers areas ranging from defense and energy cooperation to culture and science, provides a new impetus to the country’s bilateral ties.
The agreement replaces the previous deal on cooperation between Moscow and Tehran that was signed back in 2001. Work on the new agreement had been underway since 2022, and was reportedly approved by both sides in June last year.
According to Russian and Iranian officials, the landmark document designate Moscow and Tehran as “strategic partners” and will cover numerous areas, including cooperation in defense, counterterrorism, energy, finance, transport, industry, agriculture, culture, science, and technology.
Trade and economic cooperation between the two countries is growing, Putin has said, noting they are also significant partners in finance and investment.
“Over the [first] ten months of last year, trade turnover increased by 15.5%,” he said, adding that Moscow and Tehran have almost completely switched to national currencies for mutual settlements.
