July 04, 2022 13:12

Iran, Russia Agree to Transit 10m Tons of Goods Along INSTC

Russia agreed in Moscow meetings to invest in Iran’s logistic hubs, particularly Shahid Rajaee and Chabahar, to increase the two ports’ transit capacity along INSTC

Iran and Russia have agreed to transit 10 million tons of goods along the International North-South Transit Corridor.
The agreement was made during a meeting of the two sides’ transportation officials in Moscow on June 28 and 29, the news portal of Iran’s Ministry of Roads and Urban Development reported on Saturday.
The Iranian side was led by deputy minister of roads and urban development, Shahriyar Afandizadeh. He was accompanied by deputies and managers of the Civil Aviation Organization of Iran, Ports and Maritime Organization, and the Construction and Development of Transportation Infrastructures Company as well as representatives of private sector in marine and road transportation.
The Russian side was led by Deputy Transport Minister Dmitry Zverev.
Afandizadeh and his Russian counterpart signed a protocol for their agreement.

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Iran-Russia Relations