Minister of Industry, Mines and Trade Mohammad Reza Nematzadeh said on Monday that Iran is willing to remedy negative trade balance with Russia.
He made the remarks on the sidelines of opening ceremony for Russian Exhibition in Tehran.
Last year, import from Russia was 700 million dollars and export to Russia was 300 million dollars.
He said that lack of banking relations as well as import tariffs of Russia are among obstacles in the way of Iranian exports to Russia, which both issues are under negotiation.
The latest technologies of Russia in the fields of machinery, automobile, transportation, aviation industry, agriculture, non-military radars, railway wagons, electrical equipment are displaying in Russian exhibition.