Port News & Information Mediterranean, Black & Caspian Seas

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

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Moscow, Russia (Ports Europe) 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…

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