Iran gets clearance for $5 billion Russian loan

Tehran - The Iranian government has been allowed to get a $5 billion loan from Russia for infrastructure projects, a parliamentary spokesman said on Tuesday.

Tehran - The Iranian government has been allowed to get a $5 billion loan from Russia for infrastructure projects, a parliamentary spokesman said on Tuesday. Mohammad Mehdi Mofatteh, the rapporteur of parliament’s ad-hoc budget review committee, said the panel also gave the government the green light to secure up to $30 billion in finance from foreign lenders. “In another clause, the government was allowed to receive $5 billion in loans from Russia for development projects,” the Tabnak news website reported. The news of Russia providing a $5 billion loan to Iran for joint infrastructure projects first came in October 2015 when Russian Energy Minister Alexander Novak traveled to Tehran.
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