Friday, July 29, 2016

Russia To Lend 2.2 Billion Euros To Iran

Wait what?
From Tass:

Russia prepares deal on 2.2 billion euro loan to Iran — minister
MOSCOW, July 29. /TASS/. Russia and Iran have prepared a package of agreements on allocating a 2.2 billion euro loan to Tehran, Russian Energy Minister Alexander Novak told journalists on Friday.

"These two draft agreements were coordinated in the Russian government - 2.2 billion euros in total in the framework of agreements will be provided as an inter-state loan," Novak said after talks with Iranian Minister of Communication Mahmoud Vaezi. Banks' cooperatio.

According to the minister, Russia and Iran agree to continue cooperation in the banking sphere.
"We agree there is a need to continue working in the field of developing relations in the banking sphere," Novak said.

According to him, this is the main current topic on the agenda. "Development of the interbank lending opportunities, mutual credit, provides additional opportunities and momentum for our companies in cooperation," Novak said.

The minister added that representatives of Iranian, Russian Central Banks will meet in August....MORE