MOSCOW (Sputnik) – Iran wants to receive from Russia a $2 billion loan t to implement several projects, potentially increasing Moscow’s investments in the country to $5 billion, Russian Energy Minister Alexander Novak said on Saturday.
The minister, who is also a co-chairman of the Russian-Iranian intergovernmental commission on trade and economic cooperation, specified that the funds would go to build thermal and hydroelectric power plants, railroads, metro rail-cars.
On Friday, Novak held a meeting with his Iranian counterpart, Reza Ardakanian, to discuss the issue.
According to Iranian media, when Novak visited Tehran in October 2015, Russia promised to provide $5 billion for joint infrastructure projects.
Sourse: sputniknews.com
