Iran, Russia ink financing agreement
Central Bank of Iran (CBI) and Export Insurance Agency of Russia (EXIAR) inked a financing agreement.
Publish date : Monday 16 October 2017 12:27
In a meeting with EXIAR’s CEO Alexey Tyupanov, CBI's vice-governor for foreign exchange affairs, Ahmad Araghchi, called for expediting the process of financing joint projects between Iran and Russia, and expressed satisfaction with the positive conclusion of talks on finance agreements.
EXIAR’s CEO Alexey Tyupanov, for his part, expressed hope that various projects of Iran’s private and public sectors would soon be able to be financed by Russian banks, leading to further expansion of economic ties between the two countries.
During the meeting, the two sides reached an agreement on the general outlines of the conditions for finance, under which Iranian banks can receive financing from Russian banks for projects that have obtained domestic licenses. The finance to be received from Russian banks will be used in both private and public sectors and in various industries whose projects have been prioritized by relevant executive bodies.
Following the signing of this MoU, the general financing agreement will soon be signed and implemented between Russian and Iranian banks.