The study aims at presenting the specificity of the economy and merchandise trade of unrecognized entities in the Caucasus region, with a particular focus on Abkhazia and South Ossetia. The study also analyses the potential changes in merchandise trade structure and volume.. OREANDA-NEWS At a meeting on Wednesday, senators ratified the protocol to the Russian-Abkhaz intergovernmental agreement on trade in goods, which expands the list of goods supplied to Abkhazia from Russia without paying customs duties. The protocol was signed in Grozny on July 16, 2024. It has. . The Russian Foreign Minister Sergey Lavrov has met with Oleg Bartsits, the Foreign Minister of the Republic of Abkhazia, in Moscow to discuss bilateral plans and continued development efforts in the South Caucasus region. The meeting was the first since Bartsits' appointment in April. He had. . Due to the amendments made to the agreement on the regime of trade in goods between Russia and Abkhazia, Russian exports to this country are exempt from export customs duties. The empirical analysis. . In 2024, a significant infrastructure project commenced in the area surrounding the Ochamchire port. According to Oktay Khazirish, advisor to the de facto Minister of Economy, the construction of a container terminal at Ochamchire is nearing completion.
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