(MENAFN) The Industrial Development and Renovation Organization of Iran (IDRO) and Russian Trade and Economic Development Council (RTEDC) revealed that they have approved a deal in order to increase joint co-op amid them in rail, oil and gas, and renewable energies.
As per the deal, both sides are set to allocate USD2.5-billion financing for co-manufacturing of 1,000 freight, passenger and subway wagons amid a 3-5 year period.
Never the less, the Central Bank of Iran Governor posted in August that 3 European countries including Austria, Denmark and Italy are estimated to launch 22 billion euro credit lines for financing programs in Iran.
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