Russia ready to give $5 bln export loan for priority projects in Iran

Moscow and Tehran intend to continue cooperation in the nuclear energy sphere

Russian President Vladimir Putin has confirmed Moscow's readiness to provide a $5 billion loan for the implementation of priority projects in Iran.

Moscow and Tehran "intend to boost industrial cooperation. Russia is ready to give a state export loan worth $5 billion for this purpose," Russian President Vladimir Putin said after negotiations with Iranian President Hassan Rouhani on Nov. 23 night.

"Thirty-five priority projects were picked up in the spheres of energy, construction of sea terminals, and electrification of railroads," Putin said.

Moscow and Tehran intend to continue cooperation in the nuclear energy sphere, he said. "The first bloc of the nuclear power plant in Bushehr has reached full capacity. Work to build the second and third blocs is underway," he said.

"We will give as much assistance as possible to the implementation of the relevant action plan within the framework of the Iranian nuclear program approved by the UN Security Council," Putin said, adding that Moscow is ready to help Tehran to reprocess enriched uranium and to convert nuclear sites in Iran to the production of stable isotopes for scientific purpose.

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