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By Benyamin POGHOSYAN, PhD, Chairman, Center for Political and Economic Strategic Studies
The COVID–19 and the war in Ukraine have triggered the disruption of global supply chains forcing states to look for alternative transport routes to conduct trade and other economic activities. As one of the rising stars of the global economy, which just passed the UK to become the fifth largest economy in the world, India has looked for ways to expand its connections within Greater Eurasia even before the Pandemic and the Ukraine war. Given the increasing volume of cargo passing through the Suez channel, and the 2021 incident that blocked that waterway, India's primary task is establishing new routes to circumvent Suez while reaching Europe. In September 2000, India, Russia, and Iran declared their intention to establish an International North-South Transport Corridor (INSTC) to connect India with Russia and Northern Europe via Iran. Several other countries joined the project later, and currently, three routes are being discussed as a part of that corridor. The western route will pass via Iran and Azerbaijan, Trans-Caspian route will connect the Caspian Sea ports of Russia and Iran, and the Eastern Route will pass via Iran, Turkmenistan, and Kazakhstan. READ MORE
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