Energy Economy

Iran has filed a request for a loan of $2 billion from Russia to build power plants. railroads and to purchase subway cars.

The 280 million population market of the Eurasian Economic Union (EAEU) with an $800 billion worth economic capacity is full of opportunities for Iran.

Iran is working on new strategies and smarter policies in areas of foreign trade and business to further undermine the repercussions of Washington’s unilateral sanctions against Tehran.

Italian firms and companies are enthusiastic to have a bigger share of the market in Iran.

Trade Promotion Organization of Iran (TPOI) will host head of EAEU and other ministers of this economic union.

The majority of the loan will reportedly be used for conducting several joint power plant projects in Iran.

Russia had agreed to provide a $5 billion loan to Iran for joint infrastructure projects in October 2015.

Iran has imported $25 billion worth of products in the first 7 months of the current local calendar year.

The recent minor loss of the national currency of rial’s value against foreign exchange is a minor fluctuation of no concern. advising the masses not to take the market of foreign currencies as an investment opportunity.

Iran is manufacturing all of its needed equipment in the fields of port and shipping. adding that technology acquisition in the area has been achieved after US-slapped sanctions forced some international companies to leave the country.