Iranian and Russian top banking officials met in Tehran on Thursday.

Ground is prepared for promotion of banking ties between Iran and Russia, Kamyab said.

He noted that facilitation of banking cooperation will ease relations between Iran and Russia in other fields, including information technology, electricity, petro-chemistry and peaceful energies.

Due to removal of sanctions, Iranian banks now have exchanges with foreign banks in various currencies except dollar, the official added.

He noted that Iranian banks’ desire for cooperation with foreign banks increased in the post-sanctions era.

Kamyab urged connection of swift between the two countries in order to facilitate transfer of money.

Meanwhile, Skoblekin called for development of banking relations between Iranian and Russian banks.

Russian federation central bank did his best to facilitate banking, trade and economic cooperation with Iran after removal of Iran’s sanctions, he added.

The official stressed the importance of connection of Iranian and Russian banks for transfer of money.

Iran and Russia on Thursday signed a Memorandum of Understanding to upgrade bilateral banking and financial cooperation.

Kamyab and Skoblekin signed the cooperation document on the sidelines of a meeting between Iran-Russia banking and financial taskforce held in Tehran on Thursday.

The cooperation document was issued in the fields of fighting money laundering and combating financial support of terrorism.

The Memorandum of Understanding will also facilitate execution of Bilateral Currency Swap Agreements reached between the two countries.