Iran and Russia have embarked on a collaborative venture to construct a new nuclear facility in Iran, a project that will be financed through a credit line extended by Moscow.
This development was confirmed by an Iranian official on Friday, marking a significant step in the partnership between the two nations in the realm of nuclear energy.
As reported by American Military News, Iranian Oil Minister Mohsen Paknejad met with Russian Minister of Energy Sergei Tsivilev in Moscow for the 18th Joint Economic Cooperation Commission. During this meeting, Paknejad affirmed the strengthening of ties between Iran and Russia in the "peaceful" use of nuclear energy, with plans to build a new nuclear plant in Iran backed by Russian funding.
"Iran and Russia will continue their cooperation in the peaceful use of nuclear energy and the construction of new nuclear energy facilities and the completion of phases two and three of the Bushehr power plant using Moscows credit line," Paknejad announced.
The Algemeiner, citing Iranian state media, highlighted that the two countries have also agreed on a substantial gas transfer deal involving 55 billion cubic meters. Paknejad emphasized the broader scope of cooperation, stating, "Multilateral cooperation between Iran and Russia through membership in the Shanghai Cooperation Organization, BRICS, the Gas Exporting Countries Forum, and OPEC+ has led to the provision of common interests, peace, stability, and international security, and I am confident that this cooperation will deepen."
In addition to nuclear energy, the agreement between Russia and Iran includes plans for a $4 billion deal to develop seven oil fields in Iran, with Russian companies playing a pivotal role. This move underscores the deepening economic ties between the two nations, which are increasingly aligning their strategic interests.
The Algemeiner further reported that Russian President Vladimir Putin recently ratified a 20-year strategic partnership agreement with Iran. This treaty, approved by Putin and Iranian President Masoud Pezeshkian in January, aims to enhance collaboration in military exercises, joint officer training, security services, and warship port visits.
Meanwhile, as noted by The Jerusalem Post, Paknejad's remarks on the burgeoning partnership between Russia and Iran coincided with ongoing negotiations between U.S. and Iranian officials in Oman concerning Iran's nuclear program. These talks involved Steve Witkoff, President Donald Trump's envoy to the Middle East, and Iranian Foreign Minister Abbas Araqchi, marking the third round of discussions following previous constructive engagements.
President Trump expressed optimism about the situation, stating, "The Iran situation is coming out very well. Weve had a lot of talks with them and I think were going to have a deal. Id much rather have a deal than the other alternative. That would be good for humanity." He further noted, "There are some people that want to make a different kind of a deal a much nastier deal and I dont want that to happen to Iran if we can avoid it."
This evolving geopolitical landscape, marked by the Iran-Russia partnership and U.S.-Iran negotiations, underscores the complex interplay of international relations and the pursuit of strategic interests. As these developments unfold, they will undoubtedly shape the regional and global dynamics in the coming years.
Login