On August 8, the Heads of Russia, Iran and Azerbaijan will meet for the first time in Baku, to discuss the prospects of long-term mutually beneficial cooperation in the fields of economy, security and the fight against terrorism, said Russian President Vladimir Putin in his interview with AZERTAC.

“Our talks will focus on a flagship project – the International North–South Transport Corridor with a total length of 7,200 kilometers. It aims to provide the best possible opportunities for transporting transit cargo from India, Iran, and the Gulf States to Azerbaijan, the Russian Federation and further to Northern and Western Europe”, – Putin noted.

Indeed, the trilateral dialogue will also cover the Caspian issue. It is common knowledge that in recent years, the Caspian Sea states have made headway in reaching a consensus on matters related to various aspects of cooperation in the Caspian Sea, including the use of its energy and biological resources. Relevant agreements were signed and are now being successfully implemented. Work on the core Convention on the Legal Status of the Caspian Sea is nearing completion.

Regarding the relations with Iran, Putin said that, large-scale joint projects in the oil and gas sphere and the aerospace and electric power industries are being developed. For instance, Russia intends to grant two state loans to Iran to the amount of €2.2 billion to finance the construction of a thermal power plant near the city of Bandar Abbas on the Persian Gulf coast and the electrification of the Garmsar–Ince Burun railway section in the north-east of the country.

Source: haqqin.az