Direct link established between Iranian, Russian banks: official

The Iranian top banker said on Sunday that a direct connection has been established between the banks of Iran and Russia, reported the semi-official Tasnim news agency.

Mohammadreza Farzin, governor of the Central Bank of Iran (CBI), said that within the framework of the joint action plan of banking cooperation signed last year by the two countries' central banks, the first step toward the implementation was taken on Sunday.

Farzin added that the Iranian banking network will also have a direct connection with other 106 foreign banks, stressing the banking channel between Iran and the world is being reinstated.