Swordsmyth
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The INSTC will be a 7,200km multi-mode transit system which will bring together rail, road, and ship routes to service cargo transportation between Russia, Iran, Azerbaijan, India, and Central Asia.
The project began construction in the early 2000’s however efforts to developed the corridor increased following the imposition of sanctions on Russia over the war on Ukraine, which forced the Kremlin to shift its trade flows from Europe to Asia, Africa and the Middle East.
In 2022, total cargo flow along the INSTC was 14.5 million tons and this year it is projected to reach 17.6 million tons, according to Saveliev. He added that the volume is expected to reach 41 million tons by 2030.
More at: https://www.thefinancialtrends.com/2023/06/18/russia-plans-a-suez-canal-substitute/
The project began construction in the early 2000’s however efforts to developed the corridor increased following the imposition of sanctions on Russia over the war on Ukraine, which forced the Kremlin to shift its trade flows from Europe to Asia, Africa and the Middle East.
In 2022, total cargo flow along the INSTC was 14.5 million tons and this year it is projected to reach 17.6 million tons, according to Saveliev. He added that the volume is expected to reach 41 million tons by 2030.
More at: https://www.thefinancialtrends.com/2023/06/18/russia-plans-a-suez-canal-substitute/
