Opening a long-pending multi-modal transportation corridor via Iran will be a big boost for bilateral trade between Russia and India, but it’s not just the economy at stake. This is a bold move against the threat of US sanctions.
India’s state-owned Container Corporation of India (Concor) and Russian Railways Logistics Joint Stock Company (RZD) have signed a Memorandum of Understanding to transport cargo between India and Russia – based on a single invoice – via the International North-South Transport Corridor (INSTC), a 7,200-km multi-modal transportation network project cutting right across Central Asia, starting in Iran and ending in Astrakhan, Russia.
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