Russia has signed into law UN economic sanctions that world powers agreed to in March, according to a presidential decree published by the Kremlin on Thursday.
The UN Security Council imposed a third round of sanctions on Iran on March 3 for refusing to suspend sensitive nuclear activities.
The Russian decree, signed by Vladimir Putin before he left office, calls for restrictions on travel and financial transactions with certain Iranian individuals and companies.
The US and other Western nations suspect Iran of using its civil nuclear programme as a cover to develop nuclear weapons. Iran says its nuclear programme is needed to generate electricity so that it can export more of its oil and gas.
Russia has been building Iran's first nuclear power station at Bushehr on the Gulf coast, in southwest Iran. Iranian officials say it may start up later this year. (Reuters)For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.