Iran and Russia have taken a significant step towards economic cooperation by involving their academic institutions in efforts to dedollarize their economies. The presidents of Iran’s Imam Hossein University and Russia’s Plekhanov University of Economics signed a memorandum of cooperation last week to collaborate on initiatives aimed at reducing reliance on the U.S. dollar in international trade and finance. This agreement focuses on scientific and academic exchanges, including student and professor exchanges, practical training, and scientific internships. This partnership is part of a broader strategy by both countries to mitigate the impact of U.S. sanctions and reduce their dependence on the dollar. The collaboration between these universities underscores a growing trend of academic and economic cooperation aimed at fostering mutual economic resilience and promoting alternative financial systems.
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