Multimodal Caspian Sea Route To Boost Russian-Kyrgyz Relations

9/12/2024 5:19:10 AM

(MENAFN- Trend News Agency) BISHKEK, Kyrgyzstan, September 12. A new multimodal transportation route is being developed that will connect Russia and Kyrgyzstan via ferry service on the Caspian Sea, the Chairman of the Cabinet of Ministers of Kyrgyzstan Akylbek Zhaparov said while addressing the VI Kyrgyz-Russian Economic Forum in the Issyk-Kul region, Trend reports.

“On the initiative of Kyrgyzstan, a new multimodal transport route is being developed, which will connect our countries through Uzbekistan and Turkmenistan, using ferry communication on the Caspian Sea, which will serve as a powerful impetus for the development of logistics and accelerate trade turnover,” he noted.

Zhaparov stated that Russia is in the driver's seat and will continue to be a key player for Kyrgyzstan.

“The vectors of our development are clearly outlined in the Intergovernmental Program of Economic Cooperation for 2022-2026. Now, more than ever, it is important not only to strengthen our ties but also to act coherently and decisively to jointly overcome challenges and open new horizons,” he emphasized.

According to him, trade is a key pillar of cooperation between Kyrgyzstan and Russia. The trade turnover between the two countries exceeded $3 billion in 2023. The heads of state have set a task to bring this figure to $5 billion.

“Achieving these objectives is possible by developing e-commerce, reducing costs for entrepreneurs, introducing new financial instruments to support our exporters, industrial cooperation to create added value and new jobs, and removing obstacles at the borders of the EAEU countries,” he added.

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