VEB welcomes the lifting of sanctions with Iran

VEB welcomes the lifting of sanctions with Iran


Iran is a promising direction for the development of Russian exports, and VEB is ready to render assistance to Russian companies in the Iranian market, said the Corporation.

MOSCOW, 17 Jan. VEB welcomes the lifting of international sanctions against Iran and stands ready to assist Russian companies on the Iranian market, said the press service of the Corporation.

On Saturday, the country’s IAEA received the final report of the experts of the Agency on Iran’s nuclear program, leading up to the inauguration of its implementation. After that, the EU and the US confirmed the removal from Iran of economic and financial sanctions related to its nuclear program.

“The Bank welcomes the withdrawal of most of the restrictions with Iran. Iran is a promising direction for development of the Russian export. And, as a financial institution, VEB is ready to consider the possibility of cooperation in this direction, to assist Russian companies”, — said the representative of Vnesheconombank.

According to him, in the beginning of the phase of intensive study of a number of projects to support Russian exports.

At the end of November during the summit of heads of state and government of participating countries of the forum of gas exporting countries in Tehran in the presence of Russian President Vladimir Putin and Iranian President Hassan Rouhani, Vnesheconombank, JSC “EXIAR” (VEB Group) and the Central Bank of the Islamic Republic of Iran (CBI) signed a Memorandum of understanding, reminded in a press-service. According to him, the parties will collaborate on the implementation of the Russian-Iranian export projects, as well as expanding the list of services and tools in the field of export support.

In order to increase the volume of Russian exports to Iran Vnesheconombank is considering providing up to EUR 2 billion under EXIAR coverage.

Special attention is given to the support of export projects in such industries as energy, infrastructure, shipbuilding and aircraft manufacturing, have reminded in a press-service of the Corporation.