Iran asks Russia to provide $2bn loan for power plants, railroads

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MOSCOW: Iran has asked Russia to provide an additional $2 billion loan for projects including the construction of thermal power plants, hydroelectric power plants, railroads and subway carriages, Russian Energy Minister Alexander Novak said on Saturday.

“They’re asking for about $2 billion… They say they were promised $5 billion in 2015… We had loans allocated to them, they ask us to bring the total amount up to $5 billion,” Novak said, without providing further details.

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