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Russia, Iran sign documents for opening $2.2 bln credit line — ambassador

February 10, 12:04 UTC+3 MOSCOW
According to the ambassador, Russia has a priority at the Iranian market in terms of investment
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 Iranian Ambassador to Russia Mehdi Sanai

Iranian Ambassador to Russia Mehdi Sanai

© ITAR-TASS/Valery Sharifulin

MOSCOW, February 10. /TASS/. Russia and Iran have signed documents for opening a $2.2 credit line within the visit of Iran's delegation to Moscow, Iranian Ambassador to Russia Mehdi Sanai said on Wednesday.

"Documents for financing two contracts on construction of thermal stations and a railroad worth $2.2 bln have been initialed," he said.

In November 2015, after the talks between Russia’s President Vladimir Putin and Iran’s Supreme Leader Ayatollah Ali Khamenei and President Hassan Rouhani an intention to increase the trade turnover between the countries was announced. Putin declared determination to grant a $5 bln public export loan for financing joint projects. Russia and Iran also agreed a loan for financing the construction of a railroad and thermal stations in Iran during President Putin’s visit to Tehran.

Iran to start building Bushehr-2 NPP in March

According to the diplomat, Iran is planning to start the construction of the Bushehr-2 nuclear power plant in March.

"Iran is open for foreign investments but Russia has a priority at the Iranian market, in particular, regarding the Russian experience in the construction of the Bushehr NPP," the diplomat said.

"The construction is set to begin in March," he added.

In November 2014, Russia and Iran signed in Moscow a package of agreements on the construction of eight nuclear power units in Iran, including Bushehr-2.

The project is estimated at over $10 billion.

Tehran ready to sign tariff reduction agreement with Eurasian Economic Union

The ambassador also pointed out that Iran is ready to sign an agreement on export tariffs with the Eurasian Economic Union (EAEU) in the nearest future.

"Iran has high potential for investment in various fields - industrial, petrochemical, gas, agricultural, construction and more," he said, adding that "there is every reason and condition for enhancing Russian-Iranian cooperation as the two countries’ economies complements one another."

"We hope to sign an agreement with the EAEU on reduction of export tariffs on commodities supplied from the union’s member-states to Iran or vice versa in 2016," he added.

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