Moscow may give Tehran a state export loan of $5 billion next year.

TEHRAN (Sputnik) � Russia may give Iran a state export loan in the amount of $5 billion in 2016, Russian Industry and Trade Minister Denis Manturov said Tuesday.
�We are talking about granting a state loan, naturally under the Iranian government�s guarantee�I think that if all the formalities can be agreed upon in the first quarter of next year, then next year part of it may be provided,� Manturov told journalists in the Iranian capital.
Preliminary agreements on granting Iran the $5-billion loan were signed during Russian President Vladimir Putin�s visit to Tehran at the end of November.

By Sputnik News