President Hassan Rouhani and his Russian counterpart Vladimir Putin inked 7 MoUs on the sidelines of the 3rd Gas Exporting Countries Forum (GECF) on Monday

President Hassan Rouhani and his Russian counterpart Vladimir Putin inked 7 memoranda of understanding (MoUs) on the sidelines of the 3rd Gas Exporting Countries Forum (GECF) on Monday in order to deepen and strengthen the existing mutual cooperation.

The deals were signed by the two countries' high ranking officials at presence of their presidents, IRNA news agency reported.

In an the agreement between the governments of the Islamic Republic of Iran and the Russian Federation, the two countries' Foreign Ministers agreed to facilitate mutual travel conditions for the citizens of the two countries.

As the Iranian Minister of Health and Medical Education signed a memorandum of understanding with the Russian Minister of Health, the electrification of railways between Garmsar and Inchebroon has been agreed in another MoU between the Iranian Deputy Minister of Roads and Urban Development and the Manager of the Russian International Railway Company.

Two MoUs were also signed between the Deputy Chairman of the Central Bank of the Islamic Republic of Iran and the Presidents of the Russian state-owned Vonesh Economic Bank and the Russian Export Credit Insurance Agency (Akzir), as well.

Iranian Deputy Minister of Energy and the President of the Russian Energy Agency also signed a Memorandum of Understanding to assimilate the two countries' power transmission networks.

Two other MoUs were also inked between the two countries for the exploration and evaluation of groundwater deep reserves and the construction of a power plant in Bandar Abbas, Iran between the two countries' relevant bodies.