Manturov: VEB may lend to Iranian customers of Russian equipment

Manturov: VEB may lend to Iranian customers of Russian equipment


We are talking about commercial loans Webb with compensation of interest rates by the Ministry of industry, said Russian Minister of industry and trade Denis Manturov. The credit rate will depend on the arrangements of the companies.

TEHRAN, Dec 22. Vnesheconombank could credit worth up to 2 billion euros of Iranian customers of Russian equipment, the Ministry of industry and trade of the Russian Federation presubsidy rates, said Russian Minister of industry and trade Denis Manturov.

VEB, its subsidiaries Russian Agency for insurance of export credits and investments (EXIAR) and the Central Bank of Iran in late November signed a Memorandum of understanding. Vnesheconombank has reported about the possibility of issuing up to 2 billion euros under EXIAR coverage to support the export of products of Russian industry in Iran.

According to Manturov, in particular, speech can go about deliveries of wagons and locomotives of the Russian Federation.

“It’s commercial loans Webb with compensation of interest rates by the Ministry of industry to provide Iranian customers of Russian military equipment on a competitive establishment of the Russian credit opportunities,” the Minister said.

The credit rate will depend on the arrangements of the companies, he said. “Foreign export Agency services in the region of 4-5%”, — the Minister added.