According to Kazem Sajjadpour, President of the Institute for Political and International Studies (IPIS), Ambassador and Chargé d'Affaires of the Islamic Republic of Iran to the United Nations (2003-2004) , the economic relations between Iran and Russia are evolving in different areas. Certain sectors have high importance for both countries, especially energy: gas, oil, electricity, construction of infrastructure facilities in Iran.
The second area is cooperation in the framework of the North-South corridor, which has strategic significance: transportation, construction of railroads. It is different from the existing projects like One Belt One Road, but they can complement each other. More areas in the Russian-Iranian cooperation could be explored more: tourism, healthcare, pharmaceuticals, where Iran possesses advanced technologies.
Cooperation between Iran and the Eurasian Economic Union also has good prospects. Now negotiations over the Preferential trading agreement are going on. It will give Iran the access to a broader market.