Russia, Iran to partner in building large-capacity vessels in Iranian shipyards, cargo vessels in Russia

MOSCOW. Nov 1 (Interfax) - Russia and Iran have confirmed their readiness to develop cooperation in the field of joint construction of large-capacity vessels at Iranian shipyards and cargo vessels at Russian shipyards, according to a statement of the Russian government's website following a meeting of the Russian-Iranian intergovernmental commission in Grozny.

Besides, Moscow is considering the possibility of investing in Iranian sea ports. For its part, the Iranian side offered its seaports as hubs for Russian cargo, including transit shipments.

There were also discussions on the participation of Russian companies in the turnkey construction of solar power plants in Iran with a total installed capacity of at least 100 MW with the involvement of Russian export financing, as well as participation in the implementation of wind power projects on the border with Afghanistan and on the Caspian coast of Iran, including under long-term (up to 20 years) contracts.

Moscow and Tehran have agreed to develop cooperation in oil, gas, nuclear industry, renewable energy, finance, insurance, customs, logistics, and transit, including using the infrastructure of the international North-South transport corridor. The two nations are also working on increasing the share of settlements in national currencies.