Russian Astrakhan region and Iran set up joint shipping company

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The government of Russia’s Astrakhan region and Iran’s Mostazafan Foundation have signed an agreement to create a shipping company to develop the international north-south transport corridor, said Deputy Chairman of the regional government Denis Afanasyev.

“The leadership of the Mostazafan Foundation, one of the largest Iranian foundations, which includes shipping companies, visited us. An agreement on the creation of a joint shipping company was signed,” Afanasyev said Wednesday at a session of the Federation Council on the development of international transport corridors.

He said the Astrakhan port is seeing a significant increase in cargo traffic, which is expected to increase by a third by the end of August.

Belarus has confirmed its readiness to ship some cargo through Astrakhan ports, Afanasyev said.

“Approval of the volumes is in progress at the Russian Ministry of Transport [that will go] specifically in the direction of Astrakhan. We are talking about at least 1 million tons from Belarus in the near future. We can double the figure for this route if we agree on rail transit discounts,” Afanasyev said.

He said that Astrakhan Governor Igor Babushkin plans to negotiate discounts with Russian Railways (RZD) management.
Source: Interfax

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