Iranian parliament allows government to apply for loan from Russia - media

Iranian parliament allows government to apply for loan from Russia - media

The Iranian parliament voted to allow the government to apply for a $5 billion loan from Russia, the Iranian Mehr new agency reported.

The loan is set to be spent on owning capital assets in infrastructure and production fields in accordance with the budget law, putting new energy, nuclear, power, railways, highways, dams, irrigation networks and water transportation projects as priority ones, the media said.

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