Politics
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Publish date16 Jan 2019 - 9:50
Story Code : 395586

Iran government gets clearance for $5 billion Russian loan

The Iranian government has been allowed to get a $5 billion loan from Russia for infrastructure projects, a parliamentary spokesman said on Tuesday.
Iran government gets clearance for $5 billion Russian loan

Mohammad Mehdi Mofatteh, the rapporteur of parliament’s ad-hoc budget review committee, said the panel also gave the government the green light to secure up to $30 billion in finance from foreign lenders.  

“In another clause, the government was allowed to receive $5 billion in loans from Russia for development projects,” the Tabnak news website reported.

The news of Russia providing a $5 billion loan to Iran for joint infrastructure projects first came in October 2015 when Russian Energy Minister Alexander Novak traveled to Tehran.
At the time, Novak said Russia and Iran had agreed to $40 billion in projects.

/SR
https://taghribnews.com/vdcfctdmvw6d1ta.r7iw.html
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