Iran, Russia Joint Projects Valued at $30bn

By John Lee.

Mahmoud Vaezi (pictured), Iran’s minister of communications and information technology, has told reporters that Iran has put together a package of 121 potential joint projects with Russia valued at $25-30 billion.

Following the visit this week of Russian Energy Minister Alexander Novak and his 50-strong delegation, Iran will soon send a high-ranking delegation to Moscow to discuss mechanisms to facilitate Iran-Russia financial transactions.

The Iranian minister said that Russia plans to provide funds for two major pilot projects — an electrical train service and a thermal power plant — to determine the flaws in future joint projects.

(Source: PressTV)

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