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Iran, together with India and Russia, is pushing forward with a sea and rail corridor that could substantially reduce the time and cost of shipping goods from India to Europe. If this Iranian-Indian-Russian push is successful, the corridor could challenge the Suez Canal’s primacy and give Iran a significant advantage as its rivalry with Saudi Arabia and the United Arab Emirates plays out in Central Asia.
As Eurasia’s geopolitical sands shift, Iran is touting a sea and rail hook-up involving Iranian, Russian, and Indian ports that would link the sub-continent to northern Europe as a viable alternative to Egypt’s Suez Canal and addition to China’s Belt and Road Initiative.
Iranian and Indian officials suggest the route would significantly cut shipping time and costs from India to Europe. Senior Indian Commerce Ministry official B B Swain said the hook up would reduce travel distance by 40 and cost by 30 percent.
Iranian-Indian-Russian push against Suez
The Iranian-Indian-Russian push is based on a two-decades old agreement with Russia and India to establish an International North-South Transport Corridor (INSTC) as well as more recent free trade agreements concluded by the Russia-dominated Eurasian Economic Union (EAEU) with Iran and Singapore.
The agreements have fuelled Central, South, and Southeast Asian interest in the corridor even if the EAEU itself groups only a handful of countries: Russia, Kazakhstan, Belarus, Armenia, and Kyrgyzstan.
Read full article...
Iranian-Indian-Russian Push: Alternative to Suez & BRI?
Iran, together with India and Russia, is pushing forward with a sea and rail corridor that could substantially reduce the time and cost of shipping goods from India to Europe. If this Iranian-Indian-Russian push is successful, the corridor could challenge the Suez Canal’s primacy and give Iran a significant advantage as its rivalry with Saudi Arabia and the United Arab Emirates plays out in Central Asia.
As Eurasia’s geopolitical sands shift, Iran is touting a sea and rail hook-up involving Iranian, Russian, and Indian ports that would link the sub-continent to northern Europe as a viable alternative to Egypt’s Suez Canal and addition to China’s Belt and Road Initiative.
Iranian and Indian officials suggest the route would significantly cut shipping time and costs from India to Europe. Senior Indian Commerce Ministry official B B Swain said the hook up would reduce travel distance by 40 and cost by 30 percent.
Iranian-Indian-Russian push against Suez
The Iranian-Indian-Russian push is based on a two-decades old agreement with Russia and India to establish an International North-South Transport Corridor (INSTC) as well as more recent free trade agreements concluded by the Russia-dominated Eurasian Economic Union (EAEU) with Iran and Singapore.
The agreements have fuelled Central, South, and Southeast Asian interest in the corridor even if the EAEU itself groups only a handful of countries: Russia, Kazakhstan, Belarus, Armenia, and Kyrgyzstan.
Read full article...
Iranian-Indian-Russian Push: Alternative to Suez & BRI?
