EAEU–Iran Trade and Its Prospects

... member states, observers and partners, the Iranian economy is second only to Russia’s. In terms of economic cooperation, Russia and Kazakhstan stand to benefit most from lowering tariff barriers. In addition, the project is of particular interest to Armenia,... ... the total mutual trade between the partners. The agreement came into effect amid a difficult time in Iran, owing to the U.S. sanctions regime and the coronavirus lockdown. Despite this, however, trade turnover between the EAEU and Iran grew to $2.9 billion ...