IRAN SECURES LOCAL PRODUCTION OF RUSSIAN TRAINS AND HELICOPTERS – AND COUNTERTRADE WITH VIETNAM

The Industrial Development and Renovation Organization (IDRO) of Iran and Transmashholding, Russia’s largest railway machine-builder, have signed a contract to jointly manufacture train wagons. IDRO will also build helicopters for civilian use in cooperation with Russian Helicopters. Tehran and Moscow are already cooperating on a project financed by Russia to produce...

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