Russia will provide Iran state loan of $5 billion for industrial cooperation

Almaty. November 24. Silkroadnews - Russia and Iran intend to build on the momentum of trade relations, focusing on product diversification, greater use of national currencies in mutual settlements. This was stated by Russian President Vladimir Putin in Tehran.
He also said that the two sides will intensify the industrial cooperation.
He added that the joint cooperation is the selected 35 priority projects in energy, construction, marine terminals, railways, etc.
Also, the Russian leader noted that the EAEC will start the application key to study the issue of establishing a free trade zone with Iran.
It also reported that the presidents of Russia and Iran discussed the exchange operations on gas.
Following the talks, the two leaders signed a number of agreements, including the simplification of mutual trips for certain categories of citizens, as well as a number of documents aimed at expanding economic cooperation.
In addition, Russia and Iran have agreed on the promotion of investment and protection of investments, which create a basis to develop trade turnover and economic cooperation.
After the Russian-Iranian negotiations, were signed contracts for the design and construction of the project of Electrification of the railway section "Garmsar-Ince Burun", as well as for the supply of materials and equipment under the planned activities; for the construction of a thermal power plant and desalination plant near the city of Bandar Abbas (Hormozgan Province).
In addition, Vnesheconombank, "EKSAR" and the Central Bank of Iran have agreed to promote the development of investment activity, warranty support, export financing and trade ties.
Signed memoranda of understanding between the Russian Ministry of Health and the Ministry of Health and Medical Education of Iran, the Russian Energy Agency and the Department of Energy of the Islamic Republic.