faithfulguy
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It's funny when you guys teach others economics. It's a mulitlateral grouping. This route was not a counter group to OBOR, the beefed up news title is just to grab attention.
The works began in 2009 even before Xi became premier, back in 2002 the route was proposed.
Now every PDF economists have opinion on everything, and they know nothing. The dry run results show the shipment costs were reduced by $150/ton of cargo. Since the number of days are reduced from 40 to 21 when transporting to Russia.
What is there for India to sell to Russia? India only supply raw materials, which Russia can provide itself. Also, won't it be less expensive if India go through Pakistan.