INSTC Expected To Help Iran Double Its Eurasian Exports, With Implications Also For European Trade
New routes also open up the EU to the Caucasus and Turkey, the Middle East, East Africa, Central Asia, India, Pakistan and South-East Asia. Alireza Peyman Pak, Chair of Iran’s Trade Promotion Organization, has stated that Iran is planning to double its exports to Eurasian counties, with the International North-South Transportation Corridor (INSTC) enabling Iran to have access […]
Iran’s Rasht-Caspian INSTC Railway Makes Progress
Construction work has been completed on the first 11 km of the 35 km stretch of the Rasht-Caspian railway line in Iran’s northern Gilan Province, according to Abbas Khatibi, the Deputy Director of the Construction and Development of Transportation Infrastructures Company (CDTIC).
Iran’s Ministry Of Urban Development: Asian Countries Are Talking With Us About Developing New Supply Chains To Europe
The INSTC is developing into a massive regional supply chain network Amin Taraffo, the Director-General of Commercialization and Associations Affairs Bureau at Iran’s Ministry of Road and Urban Development has stated that transit through Iran’s transportation corridors is increasing following the conflict between Russia and Ukraine.
Moscow Outbound Private Investment Moves To Dubai
Decisions may still be made in Moscow, but Dubai is becoming the Asia investment back office by Chris Devonshire-Ellis Sanctions imposed on Russian banks and the use of the Ruble have prompted, if not a mass exodus, then certainly a noticable trend of oligarchs, upper and middle class Russians relocating to Dubai. The reasons are […]
New Border Crossing To Open Between Iran And Turkey
Opens up Iranian access to Turkey’s Black Sea Iran and Turkey are set to have another border crossing, between Iran’s Razi town in its West Azerbaijan Province (north-western Iran) and Turkey’s Kapikoy town on the Turkish side. The border crossing should be functional by the end of May this year.
Wang Yi At The Organization Of Islamic Cooperation: China Is Investing US$400 Billion In Muslim Belt And Road Initiative Projects
The OIC bloc includes 57 states over four continents and has a collective population of 1.9 billion China’s Foreign Minister Wang Yi has been attending the Organization of Islamic Cooperation (OIC) foreign ministers meetings in Islamabad, stating that China is investing US$400 billion in over 600 BRI projects across the Muslim world. The OIC is […]
Russia And Iran To Begin Banking & Finance Cooperation
Russian-Iranian combined resources equate to the world’s eighth largest economy and one of the world’s largest energy providers The Iranian Ambassador to Russia, Kazem Jalali has stated that Russian and Iranian officials are set to discuss banking and financial cooperation.
Southern, Russia-Avoiding Belt & Road Multimodal Route Receives First China Blockchain Rail Cargo In Azerbaijan For Dispersal To Turkey, Bulgaria And Romania
With Russia now under sanctions and ports inaccessible, the main rail route from China to the European Union has shifted south to the multi-modal route provided by using the Caspian Sea.
Iran And India Discuss Logistics For The INSTC
India’s India Ports Global has met with the Islamic Republic of Iran Shipping Lines (IRISL) to discuss common strategic goals on the development of the International North-South Transportation Corridor (INSTC).
INSTC Develops With Iranian Port Links To Qatar
The Iranian Minister of Roads and Urban Development Rostam Ghasemi has announced that Iran and Qatar plan to launch regular shipping lines between the two countries’ ports. The statement came after meetings with Qatari trade and transport officials concerning the development of transport, commercial and economic ties between the two countries.