Russia, Iran to Expand Trade, Use National Currencies in Payments – Putin

TEHRAN (Sputnik) – Earlier this month, Moscow announced it might loan Iran $5-billion from its budget, and state corporation Vnesheconombank will disburse an additional $2 billion for the implementation of joint projects.

“We saw that a large set of documents, which is supposed to stimulate cooperation in various spheres, was signed just now. We shall pay necessary attention to diversification of commodity nomenclature, make greater use of national currencies in bilateral payments,” Putin told a press conference after talks with his Iranian counterpart Hassan Rouhani at the Gas Exporting Countries Forum in Tehran.

Putin also reiterated Russia’s commitment to give Iran a $5-billion export loan for implementation of joint projects.

Full article: Russia, Iran to Expand Trade, Use National Currencies in Payments – Putin (Sputnik News)

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