Thursday, June 15, 2023

Russia reveals plans for ‘Suez Canal substitute’

"The volume of goods shipped via the
International North South Transport Corridor (INSTC),
touted as an alternative to the Suez Canal, could almost triple over the next seven years,
Russian Transport Minister Vitaly Saveliev said at the St. Petersburg International Economic Forum. 
The INSTC is a planned 7,200km multi-mode transit system that will connect ship, rail, and road routes for moving cargo between Russia, Iran, Azerbaijan, India, and Central Asia." ZH

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