Shipping sector has room for more Russian investments, Greek Shipping minister says

Greece hopes for more investments from Russia, especially in ports, Shipping and Island Policy Minister Panagiotis Kouroublis said on Monday, following a meeting in London with Russian Transport Minister Maksim Sokolov.

Kouroublis signed a bilateral agreement on the joint recognition of seaworthiness certificates in seagoing vessels.

The Greek minister said that the trade balance was largely unfavorable to Greece and there was room for significant improvement. One way of rectifying this imbalance would be the use of Greek ships to transport Russian oil and natural gas, and in the cruising sector. “Cooperation between the two countries reaffirms stability and peace in the region at large,” he said.