During the meeting, Vaezi, who is also minister of communications and information technology, underlined the importance of upcoming meeting between Iranian President Hassan Rouhani and Russian President Vladimir Putin in Baku this month.

Referring to the agreements, reached between Iran and Russia in the 12th Iran-Russia Joint Economic Cooperation Commission session, he said that Tehran is ready for development of all-out ties with Moscow.

Vaezi hailed the result of negotiations between Iranian and Russian officials for promotion of ties in the past two years.

Novak who is also Russia’s energy minister for his part said that there are good potential for expansion of all-out ties between the two countries.

In the first five months of 2016, the volume of trade exchanges between Iran and Russia experienced 70 percent raise and it has still capacity for more increase, the official said.

He voiced hope for finalization of free trade agreement between Iran and Eurasia Economic Union and said that Moscow is ready to help resolution of Islamic Republic banking problems.

Gazprom is keen to invest in Iran’s gas projects and help the country in production of Compressed Natural Gas (CNG) for export to the third countries, Novak noted.

The two officials discussed agreements between Iranian and Russian provinces and cooperation agreements in the fields of airspace and telecommunication.