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No official application for $5 bln loan received from Iran — Russian Finance Ministry

November 02, 2015, 15:18 UTC+3
Earlier, Energy Minister Alexander Novak told TASS during his visit to Tehran that the Finance and Economic Development ministries were considering Iran's request for a for $5 billion loan
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© AP Photo/Ronald Zak

MOSCOW, November 2. /TASS/. Russia’s Finance Ministry has not received an official application from Iran for $5 bln loan, Deputy Minister Sergey Storchak told reporters on Monday.

"So far there have been no contacts between the department, which I supervise and which deals with the state export credit and the Iranian party. Therefore, what can I say without knowing the position of a potential borrower? We have not discussed it," he said.

In late October, Russia’s Economic Development Minister Alexey Ulyukayev said that he did not know about Iran's bid for a loan from Russia.

But Energy Minister Alexander Novak told TASS during his visit to Tehran that the Finance and Economic Development ministries were considering Iran's request for a for $5 billion loan. Novak said that the budget interstate credit is widely used as a financial instrument to promote and accelerate the bilateral cooperation between countries. He added that a similar mechanism was used in relations with Cuba.

In late October Deputy Energy Minister Anatoly Yanovsky saidafter the visit of the Russian delegation to Iran, that Russian banks VEB and VTB may become organizers of the loan to Iran.

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