MOSCOW: Russia and Iran have signed documents for opening a $2.2 credit line within the visit of Iran’s delegation to Moscow, Iranian Ambassador to Russia Mehdi Sanai said on Wednesday.
“Documents for financing two contracts on construction of thermal stations and a railroad worth $2.2 bln have been initialed,” he said.
In November 2015, after the talks between Russia’s President Vladimir Putin and Iran’s Supreme Leader Ayatollah Ali Khamenei and President Hassan Rouhani an intention to increase the trade turnover between the countries was announced. Putin declared determination to grant a $5 bln public export loan for financing joint projects. Russia and Iran also agreed a loan for financing the construction of a railroad and thermal stations in Iran during President Putin’s visit to Tehran.
