The total amount of Russia’s two loans to Iran will be about 2.5 billion euros, Russian Deputy Finance Minister Sergey Storchak said.
"The total sum of two loans is about 2.5 billion euros. The first one is slightly bigger, the second one is a bit smaller," TASS cited him as saying.
"We fix an upper limit on the potential costs of the Russian budget to fund the loan. How the loan drawing will depend on the contracts, as they often change in the course of their implementation," the Deputy Finance Minister said.
"The intrastate procedures concerning the two loans to Iran are about to be completed, we will finish them soon. This is probably the matter of two weeks. As far as I know, the head of the Iranian delegation had the authority from the very start. Simply they (Iran) have a different order of taking administrative decisions. I am authorized to hold talks but I don’t have the authorities to sign," Storchak said.
He said that his ministry will receive a permission to sign the agreement from the government in the next two weeks.
"And when the colleagues from Iran's Ministry of Finance are ready, we will find out, as always, at the right time and in the right place. I do not know how they would like to sign it. It may also be by correspondence. This also happens," the official said.
