TEHRAN: Russia plans to open a $5-billion credit line for Iran to help finance infrastructure projects in the country, officials from both countries said on Thursday during a visit by Moscow’s energy minister, Alexander Novak.

“We hope we can open a $5 billion [4.5 billion euros] credit line,” Novak told Iranian Telecommunications Minister Mahmoud Vaezi, according to ISNA news agency.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details