The agreement highlights the willingness of the parties to participate in shipbuilding projects at Russian shipyards and import substitution projects. This is based on the experience Sovcomflot following the construction of various vessels at domestic shipyards.

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The agreement provides the possibility of financial support for the implementation of innovative and advanced technologies, as well as improvements to the energy efficiency of vessels built at domestic shipyards.

The companies involved have cooperated in the construction of two unique Arctic shuttle tankers: 'Mikhail Ulyanov' and 'Kirill Lavrov'. These vessels are operated under the Russian flag within the Prirazlomnoye offshore project, operated by Gazprom Neft.