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Caspian hub project crucial for Russia’s trade with India and Iran

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Caspian hub project crucial for Russia’s trade with India and Iran

The Russian Ministry of North Caucasus Affairs held a session on Wednesday to discuss potential capacity of a Caspian transportation and logistics hub, TASS news agency reports on the 21st of July.

Following the discussion, specific recommendations will be prepared on the ways of its most efficient implementation.

According to Minister Lev Kuzhetsov, the International North-South Transport Corridor will promote trade relations. He also reminded about an Iranian-Russian agreement on a ‘green corridor’.

He stressed the necessity to use potentials of the Makhachkala port located in the Republic of Dagestan, which is the only non-freezing port of the Caspian Sea. The session participants agreed that the growth of freight flow both from India and Iran increases the importance of the hub.

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