Representatives from Russian industrialists have sealed an agreement with Iran’s Industrial Development and Renovation Organization (IDRO) to join a project for renovating the commercial fleet in Iran.

In a meeting between a visiting Russian industrial delegation and Deputy Head of IDRO Behzad Etemadi, the Russians accorded to help Iran renovate its commercial fleet.

According to Etemadi, the Russian industrialists also voiced readiness for opening credit lines and other financial and industrial transactions between the two sides, as well.

The two sides also agreed to finalize some cooperation agreements simultaneous with the 15th Iran-Russia joint economic committee which is to be held within three months in Isfahan.