Russia’s Loans for Iran to Come Soon

Russia’s Deputy Finance Minister Sergey Storchak said a cabinet’s permission on granting two loans to Iran with a total amount of €2.5 billion will come in two weeks.

“The total sum of two loans (to Iran) is about 2.5 bln euros. The first one is slightly bigger, the second one is a bit smaller,” Storchak said on Monday as quoted by the Tass news agency.

He added that his ministry will receive a permission to sign the agreement from the government in the next two weeks.

“And when the colleagues from Iran’s Ministry of Finance are ready, we will find out, as always, at the right time and in the right place. I do not know how they would like to sign it. It may also be by correspondence. This also happens,” the Russian deputy finance minister further said.

In April, Storchak had said that the legal disagreements on Russia’s loan to Iran had been removed and domestic agreements between different agencies in Russia would be reached in the near future.

Russia’s President Vladimir Putin said in November that Moscow is ready to provide a $5 billion state loan to Tehran to promote industrial cooperation.

Another ‎€2 billion export loan will be granted to Iran by Russian state lender Vnesheconombank, the country’s media reported.

(Source: Tasnim, under Creative Commons licence)

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