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Decision on Russian credit provision for Iran’s projects will be made this week — official

July 06, 2016, 13:26 UTC+3

The total amount of loans to be provided to Iran will top around €2.5 bln

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MOSCOW, July 6. /TASS/. The decision on providing loans to Iran for implementation of two projects - railroad and electric power - will be made by the Russian government this week, Deputy Finance Minister Sergey Storchak said Wednesday.

"The government will take the decision this week. Those are two pilot projects, which may see decisions made this week," he said.

As was reported earlier the total amount of loans to be provided to Iran will top around €2.5 bln.

According to Storchak, the two loans are considered as pilot, without any integration with the earlier announced total amount of the loan of $5 bln.

In end-2015 First Deputy Prime Minister Igor Shuvalov said the initial amount of the state loan to be provided to Iran by Russia for implementation of the outlined projects will stand at $2.2 bln with the total credit line of $5 bln.

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