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Putin comments on: India’s corridor to the Middle East and Europe!
The Head of State said this during the plenary session of the Eastern Economic Forum (EEF), in response to a question from the moderator. The main participants in the new project are India, Saudi Arabia, the United Arab Emirates, Germany, France, Italy, the European Union and the United States of America.
Putin noted that this project, an agreement on which was signed at the recent G20 summit, "has been discussed for a long time."
"The movement of goods along this corridor is actually an addition to our north-south project; we do not see anything here that could interfere with us one way or another," Vladimir Putin said.
According to the Russian President, Russia will be able to use the new route, if implemented, to reach it via the Black Sea and the Mediterranean.
Meanwhile, Vladimir Putin noted that "this is just a memorandum of intent." The Russian President pointed out the insufficient economic evaluation of the new project: “We need to look at the economics of this project. Because, first, the goods have to reach the sea by rail, then they are transferred from the railway to the sea vessels, then they reach the shore either in the UAE or Saudi Arabia, and again they have to be transferred from the ships to the railways. This double overload has implications for the economics of the entire project. This must be taken into account, and the economics of the entire project must be taken into account. And in terms of time, if you look from St. Petersburg to Mumbai, it will be almost the same as we plan for the north-south route. I know nothing about economics, and I repeat, we have to do the math. "It seems to me that our path will be more effective."
Vladimir Putin believes that the traditional logistical route for transporting goods through the Suez Canal will remain attractive to cargo owners. “Interest in using the Suez Canal is not going away. And I think whoever thinks that this will cause any harm to the Suez Canal... I doubt it. In my opinion, this will not happen."
In conclusion, the Russian President stressed: “The volume of transport is growing and increasing every year. In my opinion, the more of these methods, the better.
The Head of State said this during the plenary session of the Eastern Economic Forum (EEF), in response to a question from the moderator. The main participants in the new project are India, Saudi Arabia, the United Arab Emirates, Germany, France, Italy, the European Union and the United States of America.
Putin noted that this project, an agreement on which was signed at the recent G20 summit, "has been discussed for a long time."
"The movement of goods along this corridor is actually an addition to our north-south project; we do not see anything here that could interfere with us one way or another," Vladimir Putin said.
According to the Russian President, Russia will be able to use the new route, if implemented, to reach it via the Black Sea and the Mediterranean.
Meanwhile, Vladimir Putin noted that "this is just a memorandum of intent." The Russian President pointed out the insufficient economic evaluation of the new project: “We need to look at the economics of this project. Because, first, the goods have to reach the sea by rail, then they are transferred from the railway to the sea vessels, then they reach the shore either in the UAE or Saudi Arabia, and again they have to be transferred from the ships to the railways. This double overload has implications for the economics of the entire project. This must be taken into account, and the economics of the entire project must be taken into account. And in terms of time, if you look from St. Petersburg to Mumbai, it will be almost the same as we plan for the north-south route. I know nothing about economics, and I repeat, we have to do the math. "It seems to me that our path will be more effective."
Vladimir Putin believes that the traditional logistical route for transporting goods through the Suez Canal will remain attractive to cargo owners. “Interest in using the Suez Canal is not going away. And I think whoever thinks that this will cause any harm to the Suez Canal... I doubt it. In my opinion, this will not happen."
In conclusion, the Russian President stressed: “The volume of transport is growing and increasing every year. In my opinion, the more of these methods, the better.