In this paper, a new topology for Interline Dynamic Voltage Restorer (IDVR) is proposed. This topology contains two direct three-phase converters which have been connected together by a common fictitious dc-link. According to the kind of the disturbances, both of the converters can be employed as a rectifier or inverter. The converters receive the required compensation energy from the gird through the direct link which is provided by the dual-proposed switches. Due to the lack of the huge storage elements, the practical prototype of the proposed topology is more economical in comparison with the traditional structure. Moreover, compensating for long time duration is possible due to the unlimited eternal energy which is provided from the grids. The low volume, cost and weight are the additional features of the proposed topology in comparison with traditional types. This topology is capable to compensate both of the balanced and unbalanced disturbances. Furthermore, restoring the deep sags and power outages will be possible with the support from the other grid. Unlike the conventional topologies, the capability of compensation is independent from the power flow and the power factor of each grid. The performance of the proposed IDVR topology is validated by computer simulation with PSCAD/EMTDC software.