Russia will increase the loans to Akkuyu in Turkey

Russia will increase the loans to Akkuyu in Turkey

The Russian Ministry of Finance is preparing to increase the number of loans to foreign governments and enterprises in Turkey, India, and Iran in the next three years.

According to the data of the Ministry, these credits will be given to foreign institutions and enterprises that carry out joint projects with Russian partners and buy Russian products to implement these projects and purchases.

Andrey Frolov, from the Russian’s Center for Strategy and Technology Analysis (CAST), indicated that the significant increase in the international lending program is mostly focused on the Akkuyu nuclear power plant.

Reminding that the size of the project is US$ 20 billion and that the Turkish regulatory authority has granted construction permits, Frolov said he expects intensive construction work to begin in 2020.

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Arnaud Lefevre

Arnaud Lefevre is the Chief Executive Officer of Dynatom International. Arnaud is in charge of the international development of the business portfolio.