€1b credit line helps expand Iran-Russia trade

The chief executive of the Export Guarantee Fund of Iran (EGFI) said a €1 billion credit line for Iran was launched in 2022 and activated last year (ended March 19, 2024).
Amir Borhani said that using the services of the fund in the Russian market reached more than €30 million. Of €1 billion credit line, €13 million has been used in the past month, he stated.
He also pointed out that the volume of trade with Russia will be expanded in the current year (started March 20, 2024), Mehr news agency reported.
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