Caucasus

Lukoil

US Treasury Dilutes Sanctions On Rosneft and Lukoil’s Caspian & Central Asian Projects

Caucasus, Central Asia, Commonwealth of Independent States, Energy, Russia, Trade

The United States Treasury ‘Office of Foreign Assets Control’ (OFAC) has issued a license permitting transactions involving Russia’s Lukoil and Rosneft related to the operation of the Caspian Pipeline Consortium (CPC) and the Tengiz and Karachaganak fields in Kazakhstan. The license foes not require any “transactions for the sale, disposition, or transfer of any interest” […]

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Armenia

Russian Ministries Order Improved Agricultural Rail Connectivity To Armenia Via Azerbaijan

Agriculture, Caucasus, Commonwealth of Independent States, Eurasian Economic Union, Trade

The Russian Agriculture Ministry and Russian Railways have ordered the development of agricultural supply chain routes to Armenia via Azerbaijan, according to Russian Deputy Prime Minister Alexei Overchuk.   Azerbaijan has also confirmed the possibility of using its railway network for the export of agricultural products from Russia to Azerbaijan. Overchuk said that “Two days ago,

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Railway

Russia’s Belt & Road Initiative Completes Digitization of Azerbaijan-Georgia Railway Line

Asia, Caucasus, Infrastructure, Investment, Logistics & Transport

Russian engineers have completed the digitalization of the Baku–Boyuk-Kesik railway line, a key corridor linking Azerbaijan and Georgia. The final stage of the project has involved modernizing the 122-kilometer Ujar–Hajigabul section, which had not been upgraded since 1980. The project was carried out by Natsproyektstroy, a leading Russian infrastructure holding comprised of more than 100

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