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The story: Moscow and Tehran—both under harsh western sanctions—have moved to strengthen economic ties with a new agreement to build a railway that is key to the International North-South Transit Corridor (INSTC). Meanwhile, in a bid to enhance trade and transit, Russia's second-largest bank has established a representative office in Iran.
The coverage: Iran and Russia on May 17 inked an agreement on the long-stalled construction of a railway connecting the northern Iranian cities of Rasht and Astara.
Iranian President Ebrahim Raisi and—via video link—Russian President Vladimir Putin addressed the ceremony in Tehran where the two...
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