Code: 81992015 (5215851) | Date: 06/03/2016 | Time: 13:31|
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Russia to allocate $5b loan for joint projects with Iran

Moscow, March 6, IRNA – Russia will allocate a $5 billion loan for projects in the framework of cooperation with Iran, Russian Energy Minister Alexander Novak said on Sunday.

The Russian energy minister reaffirmed Moscow’s willingness to provide a loan of 5 billion dollars for the implementation of promising projects in Iran.

Russian President Vladimir Putin had said following talks with Iranian President Hassan Rouhani three months ago that Moscow and Tehran intend to intensify industrial cooperation which includes 35 selected priority projects in energy, construction, marine terminals, railway electrification, etc.

Russian energy minister said on Friday that he plans to visit Iran in the near future to discuss ways to boost trade cooperation in joint projects, particularly in fuel production plants.

“I am planning to visit Tehran in the near future in order to discuss our projects, the development of trade and economic cooperation, trade turnover and in fact in all areas,” he said.

He, however, did not clarify whether talks will take place within the framework of Russian-Iranian Business Council or other frameworks.

“We are now discussing the dates for holding a relevant intergovernmental commission meeting. It will take place in Iran this year, most likely in Tehran. The date has not been determined,” the Russian energy minister said.

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