Chemezov: Iran to receive Russia's loan for civilian projects only

Chemezov: Iran to receive Russia's loan for civilian projects only

Russia will provide Iran with a loan for civilian projects, not for weapons purchases, the head of 'Rostec', Sergey Chemezov, said, adding that Moscow intends to take advantage of this loan.

"Russia is giving credit to Iran, and using that credit is our business," he said in an interview with The Wall Street Journal.

"Technopromexport will build a thermoelectric power plant in Iran. Other energy companies are receiving part of the funding for the construction of grids," Chemezov noted.

"When it comes to weaponry, they buy that with their own money, not with ours. The credit we gave out was not for weapons but for various civilian projects," RIA Novosti cited the head of 'Rostec' as saying.

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