Russia, India And Iran To Cooperate On New Trade Route Alternative To Suez Canal

[goldenequity]

Goods transported by land to Iran’s port on the Caspian Sea then to the Russian southern port of Astrakhan then to Europe by rail.
Russia, India And Iran To Cooperate On New Trade Route Alternative To Suez Canal
https://www.zerohedge.com/news/2018...nd-iran-cooperate-new-alternative-trade-route
new shipment passage, North-South Transport Corridor (INSTC)

►7,200-kilometers long
►cheaper and shorter alternative to the Suez Canal
►set to connect the Indian Ocean with the Persian Gulf
►India, Iran, and Russia negotiations are scheduled on November 23
►potentially reduce the time and costs of shipping by up to 40 percent
►Mumbai to Moscow transport reduced to 20 days
►Annual capacity expected to reach 30 million tons

 

[goldenequity]

Already, India has committed $500 million for developing the Iranian port of Chabahar, which will be a crucial transshipment point for transitioning cargo from sea to land. What's more, the arrangement has the blessing of China, which could potentially incorporate the passage into its multi-trillion-dollar 'One Belt, One Road' initiative to build new trade routes connecting China to Europe, Asia and Africa.

Indian officials said they're hoping to start building out the infrastructure required for the route to function as swiftly as possible.

"All issues may be resolved in order to operationalize the (INSTC) route as early as possible," according to Indian Commerce Minister Suresh Prabhu, as quoted by the media.

The alliance of these four countries should unnerve the US.
As it stands, the rise in bilateral trade denominated in rubles, yuan and rupees, while modest so far, is set to grow,
with plans to eventually undermine the dollar's hegemonic grip on global trade settlement.
And with US sanctions on Iran set to take effect on Nov. 4,
the Iranian regime only stands to benefit by encouraging the blooming economic partnership between Russia and India,
as Russia implements its plan to circumvent the dollar, and, by extension, Treasury Department sanctions.

 

[goldenequity]

https://www.rt.com/business/442832-india-iran-russia-suez-alternative/

India is also seeking to fight a trade route to the markets of landlocked Afghanistan, avoiding neighboring Pakistan amid ongoing territorial tensions over the Kashmir. So far, India has committed $500 million for developing Iranian port of Chabahar that is strategically crucial for achieving the goal. For Afghanistan, the corridor through the Iranian sea outlet means billions of dollars in trade and cutting the country’s foreign dependence for transportation aid.

The ambitious INSTC project comes on the back of a broader initiative ‘One Belt One Road’ pushed by China. The multi-trillion-dollar project may potentially include the India-Iran-Russia route into the chain of global shipments in an enormous boon to future business and trade.

 

[Occam's Banana]

Russia, India And Iran To Cooperate On New Trade Route Alternative To Suez Canal

Inconceivable! Looks like it's time for us to get involved in a[nother] land war in Asia ...

 

[goldenequity]

Pakistan has removed the acting chief of state-run TV after a caption read “Begging” instead “Beijing”
during a broadcast of Prime Minister Imran Khan’s visit to China.
https://www.reuters.com/article/us-pakistan-imf-china-idUSKCN1NC1Q7