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Russia supports Caspian Economic Cooperation initiative

03 October 2008 10:57 (UTC +04:00)

Baku. Lachin Sultanovaâ€“APA. Russia supports the initiative proposed by the leaders of the Caspian littoral states to establish Caspian Economic Cooperation Organization, said Russian First Deputy Prime Minister Victor Zubkov at the 1st Intergovernmental Conference of the Caspian littoral states in Astrakhan, Russia. APA quotes RIA-Novosty. He reminded that opportunities for establishing such organization had been discussed at the Tehran summit of Caspian littoral states a year before. â€œRussia supports this initiative and will assist the consolidation of the Caspian littoral states and setting the new level of economic development on the basis of comprehensive projects. Baltic Regional Organization and Black Sea Economic Cooperation Organization can be an example for the establishment of the new organization. The Caspian Economic Cooperation Organization should unite the projects in the fields of energy, transport, environment, research of bio-resources, finance, trade and investmentâ€. Zubkov proposed to establish Caspian Economic and Political Research Center and Caspian Bio-Resources Research Center near the new organization. Azerbaijani delegation headed by the First Deputy Prime Minister Yagub Eyyubov is attending the Astrakhan conference.