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FinancialNews


  • 06-08-18

    Iranian, Russian banks pen short-term refinance deal

    (MENAFN) IRNA reported a short-term refinance deal to have been signed between Export Development Bank of Iran (EDBI) and Moscow MirBusiness Bank to encourage imports of key products.

    The 10 million euro deal is to lend a hand for Iran to pay for imports of staple goods, medical equipments and raw materials required for the production units.

    Under the agreement, Iran is to make a payment of 2.5 percent for interest rate of the facilities to Moscow MirBusiness Bank.

    The agreement also limits payment to purchases from Russia and other member-states of Commonwealth of Independent States, with exports from the countries required to be destined only for Iran.

    MENAFN0608201800450000ID1097252390

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