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Russia becomes largest foreign investor in Iran’s economy in 2024

Russia becomes largest foreign investor in Iran’s economy in 2024
05.06.2025 15:30

Russia ranked first in terms of foreign investment in Iran’s economy in 2024, according to Kazem Jalali, Iran’s ambassador to Moscow.

Jalali stated that Russia plans to invest a total of $8 billion in gas projects in Iran, with $5 billion already under firm commitments and agreements on the remaining projects expected soon.

In the 2022–2023 fiscal year, Russia was also Iran’s largest foreign investor, contributing $2.76 billion. Total foreign direct investment in Iran that fiscal year stood at $4.2 billion.

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