A new chapter in the economic relations between Russia and Pakistan has begun with the arrival of the first direct cargo ship from Russia carrying oil and gas supplies. The ship, named MV Krasnodar, docked at the Karachi port on Friday (26.05.2023) after a 10-day journey from the Russian port of Novorossiysk.

The direct cargo service is part of a new trade corridor that aims to enhance bilateral trade and cooperation between the two countries. The trade corridor will also connect Pakistan with other countries in Central Asia and Europe through Russia’s vast network of railways and roads. The new trade corridor is expected to boost the trade volume between Russia and Pakistan, which currently stands at around $800 million per year.

It will also reduce the transportation costs and time for both exporters and importers. The cargo service will initially operate once a month, but will gradually increase its frequency depending on the demand. The direct cargo service is a result of the efforts of both governments and private sectors to strengthen their economic ties. It is also a reflection of the growing strategic partnership between Russia and Pakistan, which have been cooperating on various regional and international issues, such as counter-terrorism, Afghan peace process and energy security.

The direct cargo service is a game changer for Pakistan, which is looking to diversify its trade partners and markets amid the challenges posed by the Covid-19 pandemic and the global economic slowdown. It is also a win-win situation for Russia, which is seeking to expand its presence and influence in South Asia and beyond.

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