No need to trust anyone... Putin connects India!
Although all the nations of the world blame the Russia-Ukraine war alone for the rise in inflation and the depreciation of the currency, russia continues to expand its trade in all sectors without seeing anything. As a result, the value of Russia's currency has risen to a level not seen in the last seven years. In this situation, the world has decided to set aside all the tough sanctions imposed on russia and build a new trade route of its own.
Vladimir Putin Russian President Vladimir Putin is pushing for the implementation of the international North-South Transport Corridor (INSTC) project, which connects india and russia via Iran.
ChinaThis INSTC project is much larger and more beneficial than China's BELT ROAD INITIATIVE project. It is noteworthy that china has been investing heavily in expanding its trade and implementing the BRI program.
7200 kmPutin then spoke not only about the INSTC plan to link india and russia, but also said that action would be taken to complete it soon. The project is a 7200 km long trade route.
RouteEarlier this month, russia shipped cargo for the first time from St. Petersburg to the Caspian port of Astrakhan and the Iranian port of Anzali (Iran) and from there to the port of Bandar Abbas (Iran) and then to the West Indies. This is what russia calls the INSTC project.
25 days onlyIn this shipment, russia sent 40 feet of laminated lumber weighing about 41 tons. Items were added within 25 days though the first trip on this route. It takes 40 days to add goods to the currently used Russia-India route.
Economic and trade developmentThe international North South Transport Corridor (INSTC) project will greatly help in reducing the transit time of goods and overcome the excessive barriers and crises among the countries of the world to improve trade and improve the economy of all countries.