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Russia’s Uralvagonzavod may supply $1 billion rolling stocks to Iran

September 10, 2014, 11:44 UTC+3 TEHRAN
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TEHRAN, September 10. /ITAR-TASS/. Russia’s state-owned railway equipment and tank maker Uralvagonzavod (UVZ) may sign a contract to sell rolling railway stocks worth $1 billion per year to Iran, Energy Minister Alexander Novak said late Tuesday at a Russia-Iran business forum.

“Uralvagonzavod is demonstrating interest in supplying up to 5,000 units of modern rolling railway stocks per year worth $1 billion,” Novak said.

Earlier on Tuesday, an UVZ official said the company is discussing a joint venture to produce cargo railcars in Iran. The official did not elaborate.

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