28 Mar 2024
Wednesday 10 February 2016 - 10:40
Story Code : 201101

Russia to deliver 5,000 freight wagons to Iran

Russian manufacturer Uralvagonzavod will supply Iran with 5,000 freight wagons, marking the start of Russian exports to the country after the removal of anti-Tehran sanctions, a newspaper reported Wednesday.

MOSCOW (Sputnik) According tothe Kommersant, Russia's state development bank Vnesheconombank (VEB) will provide an 11.2-billion-rubles ($140-million) loan toUralvagonzavod forthe matter.

The cars will be developed onthe technical task ofthe Iranian Railways, the paper reported. The deliveries are expected tobegin beforethe end of2016.

The agreement reportedly comes aspart ofthe VEBs plans tosubsidize the export contracts forthe supply of15 thousand rail cars ofdifferent types toIran, Azerbaijan, Kazakhstan, Egypt and Cuba.

Iran emerged outof international isolation inJanuary, afterit was found incompliance withlast summer's nuclear agreement, paving way tothe termination ofEU, UN and partial US sanctions.

Later inJanuary, Iranian Ambassador toRussia Mehdi Sanaei said that Tehran expected that joint Russian-Iranian projects initiated last year will be implemented in2016. The transport projects discussed betweenthe sides involve large Russian companies and are altogether worth over $25 billion.
By Sputnik
https://theiranproject.com/vdce7z8wzjh87zi.1kbj.html
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