Official: Tehran, Moscow set to promote economic ties

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Visiting Deputy Economy Minister Mohammad Khazaei said the ground is properly prepared for expansion of economic relations between Iran and Russia.

Talking to IRNA, Khazaei reiterated that he had discussed the ways for expansion of relations with Russian officials during the past two days.

Pointing to his meeting with his Russian counterpart Sergei Strochak, he said the ways for financing the Iranian industrial projects were discussed during the meeting.

‘Iran and Russia have agreed to finance over $40 billion in several industrial projects,’ he added.

Khazaei left Moscow for Tehran today morning.

According to media reports, Moscow and Tehran entered into negotiations three months ago to loan 5-7 Billion dollars to Iran for the purpose of implementing economic and industrial projects in which Russia will take part.

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