An Iranian delegation led by Central Bank of Iran (CBI) Governor Abdolnaser Hemmati has traveled to Moscow to discuss financial and banking relations between Iran and Russia, according to a report by Iran’s semi-official Fars News Agency. The visit focuses on developing mechanisms to simplify financial transactions, strengthen cooperation between the two central banks, and expand overall economic exchanges.

The report highlights that Russia remains one of Tehran’s key allies amid longstanding Western sanctions. The discussions come ahead of a planned memorandum of understanding (MoU) expected to be signed on Friday. In the coming months, talks between the United States and Iran on lifting sanctions are also anticipated, signaling potential shifts in Iran’s international financial engagement.

The Moscow visit underscores Iran’s efforts to enhance economic resilience through closer ties with Russia while awaiting possible easing of Western restrictions.