Russia, Iran in Shipbuilding MoU

According to a report by MNA, the MoU was signed by managing directors of ISOICO and the  Krasnye Barrikady Shipyard with the presence of Iran’s Deputy Minister of Industry, Mine and Trade Mojtaba Khosro Taj.

ISOICO Managing Director Hamid Rezaeian said that three important indicators of the MoU are engineering discussions, exchange of technology as well as taking advantage of the Russian company’s international rating agency "which will resolve our need to produce certain equipment".

“With the signing of the MoU, Iran will enter the Russian market with ISOICO trademark,” highlighted the official asserting “the other significant advantage pertains to the receiving of international approvals by the Russian firm’s rating agency.”

Managing director of Russian Krasnye Barrikady Shipyard, for his part, expressed willingness to boost cooperation with Iran by defining new projects in various sectors.

He further expressed readiness to dispatch ready-made ship construction equipment to Iran and the new MoU provides the possibility to send the equipment to be put to test in Iran.

Barrikady managing director pointed out the existence of numerous venues for collaboration adding “considering the current level of relations between the two countries, we are ready to provide ISOICO with the necessary equipment thanks to the financial and insurance support of the Russian government in this regard.”