Alwaght | News & Analysis Website

Editor's Choice

News

Most Viewed

Day Week Month

In Focus

Ansarullah

Ansarullah

A Zaidi Shiite movement operating in Yemen. It seeks to establish a democratic government in Yemen.
Shiite

Shiite

represents the second largest denomination of Islam. Shiites believe Ali (peace be upon him) to be prophet"s successor in the Caliphate.
Resistance

Resistance

Axis of Resistances refers to countries and movements with common political goal, i.e., resisting against Zionist regime, America and other western powers. Iran, Syria, Hezbollah in Lebanon, and Hamas in Palestine are considered as the Axis of Resistance.
Persian Gulf Cooperation Council

Persian Gulf Cooperation Council

A regional political u n i o n consisting of Arab states of the Persian Gulf, except for Iraq.
Taliban

Taliban

Taliban is a Sunni fundamentalist movement in Afghanistan. It was founded by Mohammed Omar in 1994.
  Wahhabism & Extremism

Wahhabism & Extremism

Wahhabism is an extremist pseudo-Sunni movement, which labels non-Wahhabi Muslims as apostates thus paving the way for their bloodshed.
Kurds

Kurds

Kurds are an ethnic group in the Middle East, mostly inhabiting a region, which spans adjacent parts of Iran, Iraq, Syria, and Turkey. They are an Iranian people and speak the Kurdish languages, which form a subgroup of the Northwestern Iranian branch of Iranian languages.
NATO

NATO

The North Atlantic Treaty Organization is an intergovernmental military alliance based on the North Atlantic Treaty which was signed on 4 April 1949.
Islamic Awakening

Islamic Awakening

Refers to a revival of the Islam throughout the world, that began in 1979 by Iranian Revolution that established an Islamic republic.
Al-Qaeda

Al-Qaeda

A militant Sunni organization founded by Osama bin Laden at some point between 1988 and 1989
New node

New node

Map of  Latest Battlefield Developments in Syria and Iraq on
alwaght.net
News

Russia’s Second Largest Bank Inaugurates Representative Office in Tehran

Wednesday 17 May 2023
Russia’s Second Largest Bank Inaugurates Representative Office in Tehran

Related Content

Russian Urges Nations to Unite against US-Led Sanctions ‘Blackmail’

China-Russia-Iran Joint Drills Deepened Trilateral Cooperation, Friendship: Beijing

Russia’s second-largest and majority state-owned VTB Bank has opened up a representative office in Iran as the two neighboring countries seek to further connect their interbank communication and transfer systems in the face of Western sanctions.

Chairman of Trade Promotion Organization of Iran (TPOI) Alireza Peyman-Pak made the announcement in a post published on his Twitter page on Wednesday.

With the official start of VTB Bank activities in Iran, conditions will be favorably provided for the low-cost and safe access of Iranian entrepreneurs and businessmen to the banking systems of many European, African and Asian states.

Iranian companies will now have the chance to make international bank transfers. Moreover, VTB Bank and its subsidiaries are extensively active in South American countries, empowering Iran to diversify its exchange routes with export target countries in that region.

The Russian bank has lately expanded its activities in China, South Africa, Venezuela and member countries of the Arab League, offering Iranian banks and companies to the banking network of those countries.

In Europe, VTB Bank and its subsidiaries are active in Belarus, Kazakhstan, the Republic of Azerbaijan, Georgia and Sweden.

Earlier this year, Governor of the Central Bank of Iran (CBI) Mohammadreza Farzin said a direct link had been established between the central banks of Iran and Russia.

Farzin said on January 30 that the channel between Iran and the rest of the globe is being restored, adding that the Iranian banking network will also have a direct connection with 106 other foreign banks.

Following the signing of an agreement between the two central banks on the same day, the CBI declared that the electronic financial messaging systems of Iran, known as SEPAM domestically, and the Bank of Russia, known as SPFS, were linked.

Tags :

Russia VTB Bank Iran

Comments
Name :
Email :
* Text :
Send

Gallery

Photo

Film

Farmers in Poland are on the streets again to protest EU agricultural policies

Farmers in Poland are on the streets again to protest EU agricultural policies