Iran, Russia move to link banks to evade Western sanctions

At a signing ceremony on Sunday, Mohsen Karami, the deputy central bank governor, said banks in the two countries had connected their messaging networks following agreements reached over the past year, according to the state-run IRNA news agency.

There was no immediate comment from Russia or the United States, which has worked with its allies to isolate both countries

Iran and Russia have taken a key step toward linking their banking systems in a move that further boosts their cooperation in the face of Western sanctions, an Iranian official said. (LaPresse)

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