Turkmenistan, Russia’s St. Petersburg Expand Cooperation in Shipbuilding Sphere

BUSINESS TURKMENISTAN
Turkmenistan, Russia’s St. Petersburg Expand Cooperation in Shipbuilding Sphere
Turkmen and Russian officials reached an agreement on signing a Memorandum of Cooperation in the field of shipbuilding.

Deputy Chairman of the St. Petersburg Committee on External Relations Andrey Hlutkov held online talks with Deputy Chairman of the Türkmendeňizderýaýollary (Turkmen Sea and River Lines) Annadurdy Kosyayev, the press service of the External Relations Committee said in a Thursday statement.

During the meeting, the parties discussed the possibilities of expanding cooperation in the field of shipbuilding.

The officials considered the possibility of opening new logistics routes between the port of Turkmenbashi and the ports of the Russian Federation located on the coast of the Caspian Sea, and the possibility of industrial cooperation between the shipyards of the two countries.

As a result of online negotiations, an agreement was reached on signing a Memorandum of Cooperation between the United Shipbuilding Corporation JSC and the Balkan shipbuilding plant in Turkmenistan.

In the first quarter of 2020, the trade turnover of St. Petersburg with Turkmenistan increased by 78.2% compared to the same period last year and amounted to around $ 2.6 million.