Wagons South: Russia to Deliver 5,000 Freight Cars to Iran

© Sputnik / Vitaly Ankov / Go to the mediabankThe first freight train crosses the new railway checkpoint between the Russian station Makhalino and Chinese station Hunchun, Jilin province
The first freight train crosses the new railway checkpoint between the Russian station Makhalino and Chinese station Hunchun, Jilin province - Sputnik International
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Russian manufacturer Uralvagonzavod will supply Iran with 5,000 freight cars, marking the start of Russian exports to the country after the removal of anti-Tehran sanctions, a newspaper reported Wednesday.

Vladimir Putin (outside frame) meets with Ali Akbar Velayati, Iranian president's special envoy and advisor for foreign affairs. File photo. - Sputnik International
In a Dangerous World, Russia and Iran Must Work Together
MOSCOW (Sputnik) — According to Kommersant, Russia's state development bank Vnesheconombank (VEB) will provide a loan of 11.2 bln rubles ($140 mln) to Uralvagonzavod to cover costs.

The cars will be developed for use by Iranian Railways, the paper reported. The deliveries are expected to begin before the end of 2016.

The agreement reportedly comes as part of VEB’s plans to subsidize export contracts for the supply of 15,000 rail cars of different types to Iran, Azerbaijan, Kazakhstan, Egypt and Cuba.

Iran emerged out of international isolation in January, after it was found in compliance with last summer's nuclear agreement, paving the way for the termination of EU, UN and partial US sanctions.

Later in January, Iranian Ambassador to Russia Mehdi Sanaei said that Tehran expected that the joint Russian-Iranian projects initiated last year will be implemented in 2016. The transport projects discussed between the sides involve large Russian companies and are worth over $25 billion altogether.

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