We are talking about government loan guarantees to the Iranian government, said Russian Minister of industry. Preliminary documents were signed during the visit of Russian President Vladimir Putin to Tehran.
TEHRAN, Dec 22. Russia may provide Iran with a state export loan for us $ 5 billion in 2016, told reporters the Minister of industry and trade of Russia Denis Manturov.
“We’re talking about granting a state loan, of course under the guarantees of the Iranian government… I Think that if in the first quarter of next year to arrange all the formalities, the next year can be achieved in terms of implementation,” — said Manturov.
Preliminary documents granting Iran inter-state export loan of $ 5 billion were signed during the visit of Russian President Vladimir Putin’s visit to Tehran in late November of 2015.
According to Manturov, it is anticipated that loan funds will be used for the implementation in Iran of the projects of the Russian Railways, construction of power plants Russian companies.