Iran, Russia ink financing MoU

The MoU was signed in a meeting between Deputy CBI for currency affairs Ahmad Araqchi and Managing Director of EXIAR Alexey Tyupanov in Moscow

Araqchi expressed pleasure over expansion of ties between the two countries, calling for speeding up financing projects of each other.

He further noted that the negotiations on financing bore fruit and cooperation would hopefully continue.

Tyupanov, for his part, welcomed successful talks on outlines of the financing deal, expressing hope that various projects of the private and state-run sectors would be able to use financing facilities of Russian banks, which will prepare the ground for further enhancement of economic ties between the two countries.

During the meeting, both sides agreed on the outlines of a deal between the Iranian and Russian banks, which will allow the Iranian banks to receive finance from Russian banks for the projects which have obtained needed permissions in Iran.

The financing deal will soon be signed and implemented by the Iranian and Russian banks.

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