Senior executives of Makhachkala Commercial Seaport and Dagestan Chamber of Commerce and Industry have met with the representatives of the Mir Business Bank JSC, a financial institution facilitating transactions between Iranian and Russian enterprises.

Mir Business Bank, currently operating branches in Astrakhan, Kazan and St. Petersburg, with its headquarters in Moscow, announced its intention to expand its branch network. This expansion includes the establishment of an additional office in Makhachkala. The new branch is anticipated to streamline payment processes for entrepreneurs engaged in trade between Iran and Russia, particularly those utilizing Makhachkala Commercial Seaport as a logistical hub.