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Friday 27 January 2023

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Russia’s Need to Circumvent Sanctions Gives New Life to North-South Project

October 12, 2022 07:36AM

Fuad Shahbazov By Fuad SHAHBAZOV, Baku-based independent regional security and defence analyst

With the unprovoked military intervention in Ukraine, Russia has been isolated economically and politically due to the Western-imposed sanctions. But while the sanctions banned Russia from trading with the Western states, particularly in the energy field, some nations still prefer to maintain trade relations with Moscow. Countries like Iran, China and India are seeking to strengthen trade turnover by pushing the International North-South Transport Corridor (INSTC) project for a better connection via a multimodal transport network that spans rail, road, and sea. READ MORE

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