Iranian Trading House to Open in Ulyanovsk Region

Governor Sergey Morozov met with Kazem Jalali, Iranian Ambassador to Russia, and discussed plans for cooperation. The event was held via videoconference.


The trading house will improve business relationships between the Ulyanovsk region and the regions of Iran, strengthen exports and imports and help to implement joint investment projects. Currently, such facilities are successfully operating in the regions of the Volga Federal District.

Sergey Morozov emphasized, “We have promising spheres for collaboration with Iran. We are ready to expand cooperation in the field of agriculture; we expect to launch an alternative payment system for our countries this year. Another area involves educational services. Our universities provide several hundred foreign students with courses in humanitarian and technical sciences, and we offer young people from Iran training in various fields. And, of course, we are also talking about tourism. In 2019, more than 800 tourists from Iran visited the Ulyanovsk region, which is an interesting place for them.”

“I have examined information about the Ulyanovsk region and found out that there are many potential opportunities for cooperation in agriculture and tourism. We were impressed by achievements of the Ulyanovsk region in automotive industry, heavy and aircraft engineering, nuclear medicine. The region's favorable location on the banks of the Volga River creates great opportunities for development of the International North–South Transport Corridor,” - said Kazem Jalali.

At the end of the meeting, the head of the region invited the business and cultural community of Iran to participate in the traditional business forums "Made in the Ulyanovsk Region" ("Sdelano v Ulyanovskoy oblasti") and "Business Climate in Russia", as well as in the events of the International Cultural Forum that are planned for the second half of 2020.

Currently, the Ulyanovsk region is cooperating with its foreign partner in agriculture. Projects are implemented according to the memorandum signed with the Fars Province; the supply and marketing cooperative "Rennesans Agro" cooperates with the Batis Tejarat Caspian company. In 2019, the region's foreign trade turnover with Iran exceeded US$1.5 million.