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Bilateral trade, in dollar terms, reached $244.8 billion in 2024, up from $146.9 billion in 2021, and China is a top buyer of Russian oil. The U.S. accuses China of helping to power Russia's war ...
Since the fall of the Soviet Union, the two nations have generally enjoyed very close cordial relations. Iran and Russia are strategic allies [4] [5] [6] and form an axis in the Caucasus alongside Armenia. Iran and Russia are also military allies in the conflicts in Syria and Iraq and partners in Afghanistan and post-Soviet Central Asia.
In 2023, trade between Russia and China exceeded US$240 billion, with Russia replacing Saudi Arabia's petroleum trade as China's largest petroleum source. Iran and Russia have agreed to conduct trade in each other's national currencies to reduce each other's dependency on the U.S. dollar in international transactions.
Russian and Iran share a complicated past, peppered with conflict, and even now tread a fine line between cooperation and mistrust. And yet, the war in Ukraine has pulled Moscow and Tehran closer.
China, Iran and Russia have begun a joint naval drill in the Gulf of Oman, a crucial waterway near the mouth of the Persian Gulf, officials said Tuesday. Footage aired by Chinese state television ...
Russia: See Iran–Russia relations. Relations between Russia and Persia (pre-1935 Iran) have a long history, as they officially commenced in 1521 with the Safavids in power. Past and present contact between Russia and Iran has always been complicated and multi-faceted, often wavering between collaboration and rivalry.
During the Cold War, there were unofficial trade relations between Iran and China that have steadily increased over time. Trade reached $1.627 billion in the 1980s and $15 billion in 2007. In 2001, the volume of trade between Iran and China stood at roughly $3.3 billion, [69] and in 2005, the volume of China-Iranian trade hit $9.2 billion. [70]
U.S. intelligence officials said Russia is the most active threat to influence the Nov. 5 presidential election, while Iran and China are also stepping up efforts. (Scripps News)