November 23, 2019 / 1:10 PM / 13 days ago

Iran asks Russia to provide $2 billion loan for power plants, railroads: Russian energy minister

Russian Energy Minister Alexander Novak attends the Energy Week International Forum in Moscow, Russia, October 3, 2019. REUTERS/Evgenia Novozhenina/File Photo

MOSCOW (Reuters) - 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.

Reporting by Darya Korsunskaya; Writing by Maxim Rodionov; Editing by Kirsten Donovan

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