Other major investors in Iran according to the newspaper’s data are the United Arab Emirates, Afghanistan, Turkey and China
Russia has overtaken China as the largest foreign investor in Iran, Bloomberg reported yesterday, citing the Iranian newspaper Donya-e Eqtesad.
According to the newspaper’s information, as of August 2021, Russia has basically invested about $2.7 billion in two oil projects in Iran’s Ilam province. Other major investors in Iran according to the newspaper’s data are the United Arab Emirates, Afghanistan, Turkey and China.
Despite its capabilities, China has in recent years reduced its investment in the Islamic Republic, limiting itself to logistics and border units directly linked to Chinese exports to Iran, Bloomberg writes.
Russia and Iran who are the absolute champions in terms of the number of sanctions imposed on them by the countries of the West. This is something that unites them. Moscow, due to its international isolation and expressing its gratitude for the drones supplied by Iran, has been actively expanding military, space and economic cooperation with Iran in recent years. Tehran.
However, despite “excellent relations with Moscow”, as the Iranian foreign minister recently stated, Iran does not recognize the annexation of Crimea and the four regions of Ukraine.
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