By Fatih Karimov – Trend:
Baku, Azerbaijan, Aug. 24
Iranian lawmakers on Aug. 24 passed the amendments to 2016-17 annual budget law, allowing the government to receive loan from Russia till $5 billion, the state-run IRINN TV reported.
The loan which will be granted to Iran by two percent interest rate, will be used for constructional projects, according to the parliament’s approval.
The amendment was added to the current fiscal year’s budget by 148 MPs voting in favor, 45 against, and 8 abstaining.
It was earlier reported that Russia and Iran have prepared a package of agreements on allocating a $2.5 billion loan to Tehran.
Russia’s President Vladimir Putin said early in August that Moscow is committed to a pledge it has already made to grant two loans worth $2.5 billion to Iran.
“Russia intends to grant two state loans to Iran to the amount of $2.5 billion to finance the construction of a thermal power plant near the city of Bandar Abbas on the Persian Gulf coast and the electrification of the Garmsar–Ince Burun railway section in the north-east of the country," Putin said.