Russian President Vladimir Putin said Thursday that the Eurasian Economic Union (EAEU) and Iran plan to sign an agreement on the creation of a free trade zone by the end of the year. 

“This will create further opportunities to broaden our interaction,” Putin said during a meeting with his Iranian counterpart, Ebrahim Raisi in Moscow.
Putin conveyed to Raisi the need to discuss the current situation in Palestine and said it is very important for Moscow and Tehran to exchange views on the situation in the region.
Putin also touched on bilateral ties, saying cooperation between Russia and Iran is developing in various areas.
“We have large infrastructure projects. We have been discussing them for a long time, and now we have moved on to the practical implementation of the construction of the North-South railway. We work, naturally, traditionally in the field of energy,” he said.
The trade turnover between Moscow and Tehran reached nearly $5 billion and grew by 20% in 2022 alone, said Putin.