Russia and Ukraine plan to create a Corporation that will manage the Azov-Kerch water area, the Kremlin press service said citing the documents signed after a meeting of Russian-Ukrainian Interstate Commission.
"The Parties reaffirm the need to ensure cooperation in the Azov-Kerch water area, including the stable operation and development of the Kerch-Yenikalsky channel, through the creation of a joint Russian-Ukrainian Corporation for the management of the most reliable shipping artery in the Kerch Strait," the joint statement said.