Moscow, June 8 -- Russia has become the largest foreign investor in Iran's economy in 2024, with investment volumes projected to touch USD 8 billion -- a major portion of which is being directed towards gas infrastructure projects.

The Iranian Ambassador to Moscow, Kazem Jalali, confirmed the development, as reported by Mehr News Agency, a media partner of TV BRICS.

Of the total figure, USD 5 billion has already been committed under bilateral agreements, while the remaining USD 3 billion is tied to pending deals currently under finalisation.

The surge represents a sharp jump from the 2022-2023 fiscal year, when Russian investments stood at USD 2.76 billion -- then already accounting for the lion's share of Iran's total foreign direct i...