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Economics2h 22m ago
Iranian Central Bank Governor Abdolnaser Hemmati stated that Russia and Iran are developing financial mechanisms independent of restrictive measures to facilitate trade, and are expected to complete the third stage of linking their payment systems within two months.
Moscow
Who
Iranian Central Bank Governor Abdolnaser Hemmati, Russia, Iran
What
Iranian Central Bank Governor Abdolnaser Hemmati stated that Russia and Iran are developing financial mechanisms independent of restrictive measures to facilitate trade, and are expected to complete the third stage of linking their payment systems within two months.
When
Fri, 19 Jun 2026 17:39:00 GMT · 2h 22m ago
Where
Moscow ·
Why
To facilitate trade between the two countries and operate independently of restrictive measures.
The Frontline Impact
How this affects you
The development of independent financial mechanisms and linked payment systems aims to circumvent international sanctions, potentially increasing bilateral trade and reducing reliance on Western financial infrastructure for Iran and Russia.
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