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RF’s govt hopes for cooperation of Russian, Finnish shipbuilding cos

October 25, 2011, 17:34 UTC+3
The Russian government hopes for cooperation between domestic and Finnish shipbuilding companies in the production of special purpose vessels
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MOSCOW , October 25 (Itar-Tass) — The Russian government hopes for cooperation between domestic and Finnish shipbuilding companies in the production of special purpose vessels.

“We hope for cooperation between Russian and Finnish shipbuilders,” Deputy Prime Minister Sergei Ivanov said at the forum Finnish Business in Moscow on Tuesday.

According to Ivanov, there is an opinion it is not profitable for both Europe and Russia to develop their own shipbuilding, because this branch is highly advanced in Southeast Asia. “We do not intend to compete with them,” Ivanov said. He believes that Russia and Finland should focus on the construction of special purpose vessels, such as icebreakers and liquefied gas carriers.

He recalled that 60 percent of all diesel-powered icebreakers were manufactured in Finland, and 100 percent of nuclear-powered ones were built in Russia.

Ivanov said that in coming three years Russia would finance the construction of one nuclear-powered icebreaker and four diesel-powered ones.

A the end of seven months of the year Russian-Finnish trade turnover grew by 27.6 percent, or 11 billion dollars Ivanov said.

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