Russia has finalized preparations to provide a $1 billion loan to Iran, with the funds ready for transfer once Tehran provides bank account details, Iranian media reported Tuesday. Iran’s semi-official Fars News Agency said the payment process had been finalized but disagreements among Iranian government bodies over how the money should be spent have delayed the transfer. The loan was first reported in June and was described as the first installment of a planned $20 billion Russian loan to Iran, according to Fars.