An unusual iron complex with formally zero oxidation state, iron bis(6,6΄-dimethyl-2,2΄-bipyridine), was synthesized and its crystal structure was determined. Combination of experimental and theoretical studies reveals that the electronic structure of the complex is best described as Fe(II)(Mebipy^-)₂ with anionic Mebipy^- ligands and high-spin Fe(II) center.