Moscow [Russia], June 8 (ANI): Russia has become the largest foreign investor in Iran’s economy in 2024, with investment volumes expected to reach USD 8 billion — a significant portion of which is being directed toward gas infrastructure projects.
Iranian Ambassador to Moscow, Kazem Jalali, confirmed the development, according to Mehr News Agency, a media partner of TV BRICS. Of the total investment, USD 5 billion has already been committed through bilateral agreements, while the remaining USD 3 billion is tied to pending deals currently under finalisation.
This marks a sharp increase from the 2022–2023 fiscal year, when Russian investments stood at USD 2.76 billion, already accounting for the majority of Iran’s total foreign direct investment of USD 4.2 billion, as reported by TV BRICS.
Energy cooperation remains central to the strategic partnership between Moscow and Tehran. Earlier this year, officials from both countries finalised the route for a major gas pipeline, with initial supply volumes estimated at 2 billion cubic metres. The project is expected to eventually reach an annual capacity of up to 55 billion cubic metres. By April 2025, Iran had completed approximately 90 percent of the infrastructure needed to facilitate the transit of Russian gas through its territory.
Beyond the pipeline, Russia and Iran are in active discussions with regional stakeholders to form a regional energy hub. This includes exploring swap agreements and the potential launch of an electronic gas trading platform in southern Iran, according to TV BRICS.
The increasing investment and strategic alignment underscore the deepening economic ties between Moscow and Tehran. Both nations are aiming to expand regional influence and reduce dependence on Western systems amid evolving global geopolitical and economic landscapes. (ANI)
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