Russian sappers demine in recaptured Aleppo districts more than 24 hectaresMilitary & Defense December 11, 15:09
Explosion in Cairo’s cathedral complex leaves 25 killed, 50 injured - televisionWorld December 11, 15:06
Putin offer condolences to Erdogan after Istanbul terrorist attackRussian Politics & Diplomacy December 11, 15:04
Putin offers condolences to Nigeria’s leader following terrorist attack in MadagaliRussian Politics & Diplomacy December 11, 15:03
Erdogan cancels visit to Kazakhstan due to Istanbul terrorist attack - newspaperWorld December 11, 11:15
The deal of buying Rosneft's 19.5% stock is outside sanctions - sourceBusiness & Economy December 11, 11:12
Syrian military supported by the Russian aircraft repel IS attacks near PalmyraWorld December 11, 11:10
Five people die in fire in Tatarstan-emergencies ministrySociety & Culture December 11, 11:04
Turkey declares one day of national mourning over Istanbul terrorist attackWorld December 11, 7:10
TEHRAN, December 23. /TASS/. The initial volume of Russia’s public credit to Iran will amount to $2.2 bln, First Deputy Prime Minister Igor Shuvalov told reporters.
"We discussed the issue of public credit, we understand its volume, and how they are going to take it. Now we have to agree on details of supply contracts," he said.
"The first [tranche] is $2.2 billion, and $5 billion is a whole credit line," Shuvalov said.
He said that $2.2 billion will be granted to finance the contracts for construction of power plants and electrification of railways, which were signed during the visit of Russian President Vladimir Putin.
"As soon as our industrial forces are ready to supply the equipment and carry out the contracts, we will be ready to fix it in financial documents," Shuvalov said.
In November, after the talks of Russian President Vladimir Putin with the head of the Islamic Republic of Iran Ali Khamenei and President Hassan Rouhani the countries announced intention to increase bilateral turnover.
Putin said that Russia was ready to allocate a $5 bln public export credit to finance joint projects. He added that 35 priority projects in energy, construction, marine terminals, railways and othere sectors of economy had been selected for cooperation.
Russia’s VEB Bank the Central Bank of Iran are preparing an agreement on granting $2 bln loan to Iran. The funds will be used to finance electrification of the railways in the country and the construction of power plants.