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❗️Iran and Russia near formal signing of executive contract for railway project
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Iran and Russia are closing in on the official signing of an executive contract for the construction of the Rasht-Astara railway, a cornerstone initiative under the International North-South Transport Corridor (INSTC), according to a report from IRNA.
Iranian Ambassador to Russia Kazem Jalali announced that both nations have successfully finalized the framework of the agreement and intend to formalize the deal in the presence of senior officials from Tehran and Moscow.
Jalali emphasized that bilateral cooperation extends far beyond political coordination, encompassing vital joint ventures across the transport, energy, and infrastructure sectors. Ongoing negotiations include plans for cross-border natural gas transfers from Russia to Iran, alongside strategic measures to safeguard existing joint undertakings—such as the construction of units 2 and 3 at the Bushehr nuclear power plant.
The strategic railway link is poised to bridge a critical missing segment in Eurasian transit networks, streamlining freight movement from northern Europe and Russia down to Persian Gulf ports. Both governments view the expedited execution of these logistical projects as an essential countermeasure to western economic pressures.