Iran is to ask for 500 million dollar loan from Azerbaijan

According to Mikrofonnews agency (MHA), Iran is to ask for 500 million dollar loan from Azerbaijan to construct the Rasht-Astara railway, Iran’s Council of Ministers announced on Sunday. The government also approved the issuance of a comprehensive guarantee for the implementation of the financial agreement with Italy. Accordingly, to provide the external financial sources under the terms of development plans and budget laws, the government allowed the Ministry of Economic Affairs and Finance to represent the government for the implementation of the financial agreement signed between the country’s banking system And Italy, worth EUR 5 billion.