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Iran Agrees to $8 Billion Russia Loan

MORE: Business

 

(Sputnik) - Moscow and Tehran have agreed on the main conditions of allotting Iran a $7-8-billion loan under joint projects with Russian companies, Iranian First Deputy Industrial Minister Mojtaba Khosrowtaj said Thursday.

He added that the “loan of $7-8 billion would be applied to purveyors from Russia and buyers in Iran for the realization of projects.”

“Yes, we have reached such a high-level agreement. Now it’s the work of the banks to agree on the technical details of work in this scheme,” Khosrowtaj told RIA Novosti in an interview.


 


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