Russia Approves Agreement With Azerbaijan On Transportation Along North-South Corridor
Date
12/18/2024 7:12:18 PM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, December 19. The Russian
government has approved a draft agreement with Azerbaijan on the
joint development of transit freight traffic along the North-South
International transport Corridor (ITC), the corresponding order was
signed by Russian Prime Minister Mikhail Mishustin, Trend reports.
According to the document, the goal of the agreement is to
“increase the efficiency of transport links and develop the
potential of the western route of the North-South International
Transport Corridor.”
is reported that Russia and Azerbaijan will ensure the unimpeded
movement of goods through their territories as part of transit
transportation, following the requirements of the agreement and the
national legislation of both countries. Customs control will be
carried out in accordance with the provisions of the document, as
well as international agreements in which Moscow and Baku
participate.
The agreement provides for a guaranteed volume of transported
cargo. After the upgrade of the railway infrastructure, the annual
minimum volume of cargo from Russia to Azerbaijan from January 1,
2028 will be at least 5 million tons, and in the future it can be
increased to 15 million tons per year after the relevant decision
is made.
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