Iran's Bank Melli to open branch in Moscow

Iran's Bank Melli will soon open a branch in Moscow with a capital of over $10m, Central Bank of Iran governor Mohsen Nurbakhsh said in a meeting with his Russian counterpart Viktor Gerashchenko.

Nurbakhsh said that the branch would commence banking operations by the end of the current month. During the meeting, Iran and Russia further agreed to expand banking and economic relations.

Nurbakhsh is scheduled to meet with the Russian property minister Farit Gazizullin, who also heads the Iran-Rus