Port News & Information Mediterranean, Black & Caspian Seas

Sanctions: Russia and Iran to jointly buy and build 20 ships for the Caspian Sea

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Tehran, Iran (PortSEurope) May 22, 2023 – Russia and Iran have agreed to establish a joint company that will purchase and/or build ships for the transport of goods across the Caspian Sea along the International North-South Transport Corridor (INSTC), actively promoted by Moscow since it was slammed with Western sanctions for its invasion of Ukraine…

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