Long Term Cooperation Agreement

The issue of renewing the treaty with Russia and announcing Tehran`s willingness to strike a long-term deal with Moscow coincided with a discussion of a controversial 25-year “strategic deal” between Iran and China. Zarif, who is traveling to Moscow, also announced that Tehran, in addition to extending the current deal, has an offer for another “long-term deal” with Moscow if the Russian government declares itself ready. Opponents of the signing of such agreements, however, warned of the “destructive prospects” of the agreements, in the face of the “secrecy and inefficiency” of the government of the Islamic Republic. Based on the “Looking East” policy dictated by the Islamic Republic`s Supreme Leader Ali Khamenei, the Iranian government is trying to reach long-term agreements with countries like China and Russia. “Russia is also interested in such cooperation for economic reasons. And the political reasons are that we believe that Iran must be an independent and autonomous state capable of defending its national interests,” Putin stressed at the time. At present, Iran is not allowed to sell or buy weapons based on the Joint Comprehensive Plan of Action (JCPOA) or Tehran`s 2015 nuclear deal with world powers. But the same agreement provides for the end of the arms embargo on October 18, 2020. Iranian Foreign Minister Mohammad Javad Zarif said the extension of the 20-year cooperation agreement between Tehran and Moscow is on the Islamic Republic`s agenda. The European Federation of Woodworking Machine Manufacturers (EUMABOIS) and Expocentre AO signed a long-term cooperation agreement at the Lesdrevmash trade fair in Hanover. The parties agreed on interactions regarding the priority coupling of electricity and heat, which is the most efficient mode of electricity generation, as well as the construction, reconstruction and technical redevelopment of heat supply facilities in St. Petersburg, especially in the Primorsky District.

The agreement will allow the parties to begin developing a roadmap for heat supply projects, which will include the implementation of common and mutually beneficial solutions to ensure reliability and safety. For example, it provides for the development of a project with regard to the closure or transfer of inefficient heat supply sources to the cold reserve and the increased use of heat from Severo-Zapadnaya TPP, which allows the city to achieve financial (related to the optimization of heat supply costs) and social (ensuring that heat prices for residents do not increase significantly) effects. . . .

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