Port News & Information Mediterranean, Black & Caspian Seas

€50 mln for the project for Russia’s North-South corridor

Posted on

Moscow, Russia (PortSEurope) November 16, 2023 – Russia’s giant state-owned VTB Bank will pay 4-5 billion rubles (41.2-51.5 million euro) for the project for the development of the International North-South Transport Corridor (INSTC). This corridor is key to Russia’s strategy to redirect trade with Europe southwards into Asia and is personally endorsed by country’s president…

Subscribe or log in to continue reading
PortSEurope offers an English-language daily coverage from over 200 ports in the Mediterranean, Black and Caspian Seas as well as a fully indexed and easily searchable database with more than 15,000 articles.

Subscribe to weekly news

We keep you informed on the top European port news.