Tehran (Monitoring Desk): Iran and Russia have signed a memorandum of understanding worth $25 billion to enhance cooperation in the nuclear sector, under which the two countries will expand collaboration in various atomic energy projects.
The agreement aims to expand Iran’s nuclear infrastructure and further strengthen strategic partnership between the two countries.
An online conference held in Moscow was attended by senior officials and experts from both Iran and Russia. During the event, Iran’s Ambassador Kazem Jalali said that the Hormuz project and the expansion of the Bushehr Nuclear Power Plant are key initiatives in peaceful nuclear energy cooperation between Iran and Russia.
He stated that the Bushehr nuclear plant is currently operational, while construction work on its second and third units is ongoing. According to him, the $25 billion investment in the Hormuz project represents Iran’s largest nuclear initiative, being developed jointly by Iran’s private sector and Russia’s state atomic energy corporation.
The Iranian ambassador also highlighted joint projects involving small-scale nuclear power plants and expressed hope that these initiatives would soon enter the implementation phase.
He further mentioned cooperation in areas such as Russian gas transit through Iran and expanding trade relations with Eurasian countries as important aspects of bilateral ties.
Concluding his remarks, Kazem Jalali thanked Russia for its support in international forums and emphasized the need to further strengthen Tehran–Moscow relations in energy, transport, advanced technology, and economic development.
