Italy to Supply Credit Lines, Guarantees to Boost Exports to Iran

Italy announced 4.8 billion euros ($5.45 billion) in credit lines and financial guarantees to relaunch exports to Iran, the Italian export agency said on Tuesday during Prime Minister Matteo Renzi's visit to Tehran.

Italy's state-run lender Cassa Depositi e Prestiti will offer credit lines worth 4 billion euros to companies building oil-and-gas and transport infrastructure, while export agency SACE will guarantee those loans,a SACE statement said.

A further 800 million euros in credit lines for small- and medium-sized will also be offered, the statement said.