Afghanistan and Russia have discussed ways to strengthen bilateral trade, expand private-sector cooperation and attract new investment during a meeting in Kabul.

Inayatullah Sediqzi, Deputy Head of the Afghanistan Chamber of Commerce and Investment (ACCI) for Services, met with Russian Ambassador to Afghanistan Dmitry Zhirnov on the sidelines of an event marking Russia’s National Unity Day on Wednesday, November 4.

The event was hosted by the Russian Embassy in Kabul.

According to a statement from the ACCI, discussions focused on boosting economic relations, increasing bilateral trade and creating greater opportunities for businesspeople and investors from both countries.

Both sides highlighted the importance of closer cooperation between the Afghan and Russian private sectors, exploring new areas of economic partnership and establishing stronger direct links between their respective business communities.

The discussions reflect Afghanistan’s continued efforts to expand economic engagement with regional and international partners, with increased trade, private-sector development and foreign investment remaining key priorities.

Afghanistan’s pine nut exports increased by 69 percent in the first seven months of the current solar year 1405 compared with the same period last year, reaching $72 million, the Afghanistan Chamber of Commerce and Investment (ACCI) says.

According to chamber officials, the value of pine nut exports stood at $42 million during the first seven months of last year. The product has been exported to European countries, India and, particularly, China.

Meanwhile, officials at the Ministry of Industry and Commerce say they have taken steps since the beginning of the year to expand pine nut exports and identify new markets for the product.

However, some economic experts say pine nuts are among Afghanistan’s key export products and that relevant government ministries, particularly the Ministry of Industry and Commerce, should strengthen efforts to promote the product and secure access to new markets.

Afghan pine nuts are also exported to China, India, the United Arab Emirates, Saudi Arabia, Pakistan, the United States, the United Kingdom, Italy, Germany, Australia, Turkey, Austria and Kuwait.

Experts emphasize that pine nut packaging should be improved to meet the requirements and standards of different international markets in order to further increase exports.

US naval blockade measures and economic sanctions against Iran are increasingly disrupting the country’s overland trade with Afghanistan and other regional neighbors, including Pakistan, Turkmenistan and Turkey, according to a US Treasury Department report cited by Axios.

The report said Washington aims to pressure Iranian officials into negotiations through economic restrictions and other measures targeting the country’s economy.

According to the Treasury Department, US sanctions and mounting economic pressure have significantly weakened Iran’s national currency, fueled inflation and disrupted commercial activities.

The effects have also extended beyond Iran’s borders, affecting regional trade routes and cross-border commerce with neighboring countries, including Afghanistan.

The developments have raised concerns over the potential economic impact on regional trade, particularly in countries that rely on commercial routes and trade links with Iran.