Russia plans to lend Iran 2bn euros for joint projects

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Moscow  –  Russia’s energy minister, Alexander Novak, said on Thursday that Russia is preparing a deal to extend a credit of 2 billion euros (2.1 billion dollars) to Iran for realising collaborative Russian Iranian projects.

Whatapp NewsTelegram News

Novak said that the State lender Vnesheconombank, which the government uses to support economic activities abroad, is set to provide the credit upon an agreement to be reached with Iran’s Central Bank.

He suggested that the deal might be part of a package of 5 billion dollars in credit provided by several governments to the Islamic republic.

Russia helped Iran to construct its major power plant near the city of Bushehr and in 2014 signed a deal to build two more reactors at the facility.

Russia also said it was delivering long awaited S-300 surface-to-air missile systems to Iran, news that provoked immediate condemnation from Israel on security concerns.

Russia and Iran signed a contract to deliver several S-300 systems in 2007, but Russia nixed the deal because of UN sanctions against supplying weapons to the Islamic republic.

In July, Iran reached a deal with Russia, the United States, Britain, France, Germany and China.

It was aimed at easing years of tension over suspicions that Tehran’s nuclear programme was geared towards producing a bomb, an allegation Iran denied.
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The deal is to result in the lifting of sanctions on Iran once Tehran scales down its civilian nuclear programme. (dpa/NAN)

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