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Iran-Russia non-Oil Trade Sees 80% Hike

Thursday 18 October 2018

TEHRAN (Financial Tribune) — Iran traded 956,662 tons of non-oil commodities worth close to $751.38 mln with Russia during the first half of the current Iranian year (March 21-Sept. 22). In the same period, European Union exports to Iran declined 19%.

(Credit: IRNA/یوسف هدایتب)

According to Financial Tribune, this marks a 25.7% and 81.21% growth in weight and value respectively compared with the corresponding period of last year, latest data released by the Islamic Republic of Iran Customs Administration show.

Iran’s exports to Russia stood at 212,605 tons worth over $118.16 mln.

How the Iranian sanctions will boost Russian stocks
Simon Constable writes in Forbes: “Soon to be enforced sanctions on Iran, combined with cheap stock values should help lift Russian share prices in short order. While the rally may not last, there should be some easy money to be made.” He believes investors wanting to profit from the likely move should consider buying the iShares MSCI Russia Capped exchange-traded fund (ticker: ERUS). The ETF tracks a basket of Russian stocks.

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