The trade volume between Iran and Russia is a little over $4 billion, which is insignificant considering the existing capacity, Russian Consul General in Isfahan Andrey Zhiltsov said in an interview with IRNA, Report informs.

He said the joint Iran-Russia economic commission emphasized the need to expand bilateral cooperation in space, aviation, shipbuilding, peaceful nuclear energy, oil and gas production and refining, transportation, science, medicine, agriculture, finance, education, culture, and tourism sectors.