TEHRAN / MOSCOW: Iran and Russia have signed a memorandum of understanding (MoU) worth $25 billion to expand cooperation in the field of nuclear energy, marking a major step forward in their strategic partnership, officials said.
According to international media reports, the agreement aims to strengthen Iran’s nuclear energy infrastructure and promote joint collaboration on multiple atomic energy projects. Analysts say the deal is expected to deepen both energy cooperation and broader political and economic ties between Tehran and Moscow.
During an online conference held in Moscow, officials and experts from both countries discussed various aspects of the agreement. Iran’s Ambassador to Russia, Kazem Jalali, highlighted key ongoing projects including the expansion of the Bushehr Nuclear Power Plant and the Hormuz nuclear project.
He said the first unit of the Bushehr plant is already operational, while construction work on the second and third units is ongoing. Once completed, the projects are expected to significantly increase Iran’s electricity generation capacity.
Jalali described the $25 billion Hormuz project as Iran’s largest nuclear energy initiative, developed in cooperation between the Russian state nuclear company Rosatom and Iran’s private sector.
He also referred to plans for small-scale nuclear power plants and expressed hope for the early start of practical implementation. According to him, cooperation in advanced nuclear technology will benefit both countries.
The Iranian envoy further noted growing collaboration in energy transit, including Russian gas supplies via Iran, as well as expanding trade links with Eurasian countries. He said cooperation in energy, transport, and technology is rapidly strengthening bilateral relations.
At the conclusion of the conference, Jalali praised Russia’s political support in international forums and reaffirmed both countries’ commitment to expanding cooperation in energy, technology, economic development, and regional affairs.