The opening of the first LC of the country’s banking network in Russia by Sepeh Bank

to report Financial news According to Sepeh Bank’s information base, following the consultations and operationalization of monetary and banking platforms and technical negotiations of the Central Bank of our country, the first LC of Iran’s banking network abroad was opened by Sepeh Bank in Russia. This action is unprecedented after Trump’s sanctions or the so-called “maximum pressure policy”.

The value of this LC, which has been used since today, is 17 million euros to begin with, and it is used for imports with the condition of long-term payment.
This joint and pioneering cooperation will represent the beginning of a new chapter of Iran’s banking relations with foreign countries.

In fact, this opening of credit has provided the possibility of easy and creditable purchases by Iranian businessmen from Russia, which will help in facilitating imports to the country.