Russia signed Tuesday a string of bilateral agreements with Iran as President Vladimir Putin hosted his Iranian counterpart Hassan Rouhani for his first official visit to Moscow.
The meeting between Putin and Rouhani, who have grown closer through their mutual support of Syrian president Bashar Assad, mostly focused on flourishing economic ties in the fields of energy and industry.
Putin said in televised comments after the meeting that trade between the countries had "grown more than 70 percent" last year.
"This is truly a good result considering that it was achieved in unstable global conditions and amid persistent volatility on the commodity and currency markets," Putin said.
A joint statement published by the Kremlin said that "special attention" had been paid to cooperation in energy, with both sides pledging to continue efforts to stabilize the international market.
In addition to cooperation on Syria, energy and defense ties have deepened between Iran and Russia in recent years.