Russia and India are next stops for Iran's economy minister; Madanizadeh calls economic diplomacy a tool against sanctions

Seyed Ali Madanizadeh, Iran's minister of economic affairs and finance, said on Sunday, 15 Shahrivar 1405 (6 September 2026), that he is traveling to Moscow and then to New Delhi to attend a meeting of BRICS finance and economy ministers. According to Donya-e-Eqtesad, he said the Russia trip is for bilateral economic talks and to follow up on previously coordinated memorandums and contracts, while the India trip is for wide ranging talks with BRICS economy ministers amid what he called an economic war against Iran.

Madanizadeh described Russia as one of Iran's key partners in trade, investment, financial links and energy transport, and stressed the importance of developing north to south international corridors linking Russia to markets in India. He said the BRICS meeting will cover development financing, banking cooperation, trade facilitation and joint investment funds, and that the government's goal is to use its foreign relations to counter sanctions and strengthen the domestic economy.