Iran And Russia Accelerate De-Dollarization Push

In January 2022, Iranian President Ebrahim Raisi arrived in Moscow to discuss monetary and banking issues between Russia and Iran, and the two sides agreed to the removal of trade barriers to increase trade between one another to $10 billion per year (Middle East Monitor, April 2). During his time in Russia, Raisi said that Moscow and Tehran discussed measures on challenging the dominance of the US dollar and continuing trade between Russia and Iran in their respective national currencies (Tasnim News Agency, January, 21). A month after the meeting,…