Amid sanctions from the West, INSTC raises Russian trade volume with India

INSTC is a 7,200 km transportation network ratified by 13 countries, viz, Azerbaijan, Belarus, Bulgaria, Armenia, India, Iran, Kazakhstan, Kyrgyzstan, Oman, Russia, Tajikistan, Turkey, and Ukraine

The trade volume between India and Russia has increased in the last three months, facilitated by the International North-South Corridor (INSTC). Iran Shipping Lines has transported over 3,000 tonnes of goods and 14 containers between May and July, a report by the Economic Times (ET) said.

This is crucial for Russia, given the plethora of sanctions imposed on the country by the West following its war in Ukraine.

The Indian government has also been pushing to include the INSTC with the Chabahar Port. The government considers it a way to connect with Russia and Europe.

Russian President Vladimir Putin, in