Source: Economic Times
Context: India-Russia trade has advanced with the first-ever shipment of Kuzbass coal from Siberia to India via the International North-South Transport Corridor (INSTC).
- The 7,200 km-long INSTC, a multimodal network of sea, road, and rail, offers the shortest route from St Petersburg to Mumbai.
- The INSTC is part of Russia’s strategy to redirect trade flows from Europe to Asia and the Middle East due to Western sanctions.
- This corridor will benefit several countries, including Iran, Russia, Azerbaijan, the Baltic, Nordic nations, and 11 Central Asian countries.
