KIEV, March 9 – Ukraine and Iran have signed a Memorandum of Understanding during the 5th session of the Intergovernmental Ukrainian-Iranian Joint Commission for Economic and Trade Cooperation, said Hennadiy Zubko, Ukraine's Regional Development, Construction, Housing, and Utilities Economy Minister, chairman of Ukraine's delegation in Iran.

The document defines specific terms and agents in charge for all the areas of economic cooperation of the countries, Zubko's ministry said.

"It is very important that we have decided on the transition to the implementation of specific joint projects and cooperation," Zubko commented on the signing, which took place on Monday in Tehran.