“We expect that in the case of lifting these restrictions, the figures will return to the previous level or exceed it,” Jagaryan said in his interview with RIA Novosti.

He said the dynamics of the relations between Moscow and Tehran is positive.

“However, the unilateral sanctions of the US and the EU against the financial and oil and gas sectors of Iranian economy, have negatively affected the volume of trade turnover between Russia and Iran due to worsened conditions of mutual payments,” said the ambassador.

“We never ceased the cooperation with Iran on the main fields of the foreign economic collaboration,” he said. “This includes cooperation in the spheres of energy and industry, transport and advanced technologies, as well as agriculture. It will be priority for us in the future.”

Tehran has been subject to sanctions imposed by the UN Security Council, the United States and the European Union, as well as several countries demanding the country to ensure the full transparency of the nuclear program and prove its exclusively peaceful nature.

The US, Israel and other western countries accuse Iran of trying to develop nuclear weapons under the guise of peaceful nuclear energy program. Tehran denies the charges, saying its nuclear program is aimed solely at meeting the country`s electricity needs.

EU countries imposed an embargo on the import of Iranian oil from July 1, 2012. EU countries said their activities are aimed at forcing Tehran to abandon its nuclear ambitions.

The similar package of measures was earlier adopted against Iran by the US. This country banned making of over $20 million worth of investments in Iran’s economy. The state violating this restriction will also fall under sanctions. Organizations and banks involved in the nuclear or arms industry of Iran are also subject to sanctions.

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