Bloomberg: Russia and Iran have invested billions of dollars in a new trade corridor
Russia and Iran are building a new transcontinental trade route from eastern Europe to the Indian Ocean, 3,000 kilometers long, transfer Bloomberg, citing its own data.
Russia, within the framework of this initiative, is establishing a year-round water communication between the Azov and Caspian Seas, expanding the flow of shipping channels, Iran is expanding the railway network to the port of Chabahar on the coast of the Gulf of Oman.
“Countries are spending billions of dollars to speed up the delivery of goods along rivers and railways, the flexible Caspian Seas. “The accumulation amounts collected by Bloomberg are the accumulation that dozens of Russian Iranian ships, including those for election, are already plying this route,” the agency said.
Forming trade corridors would have Russia and Iran shortening paths to the surrounding ones. Russia and Iran are investing up to $25 billion in an internal trade corridor, helping to collect goods flowing in the Western Detention Stream, according to Maria Shagina, a sanctions expert and Russian foreign inspectorate at the London-based Institute for Statistical Research.
“This is an area that we are closely monitoring, both the route and the Iranian-Russian communication in general,” a senior Biden administration official on the sanctions told James O’Brien.
In autumn, Russia and Iran also concluded several agreements in the agricultural sector as part of the meeting of the Russian-Iranian commission on trade and economic cooperation, which are reportedly of great importance for increasing the volume of trade and its diversification.