The International North-South Transport Corridor (INSTC), stretching from the Persian Gulf to the Baltic Sea, has gained significant momentum. The sanctions have prompted Russia to shift its trade routes southward, accelerating the development of this transport network. Recently, Russia and Iran agreed to complete a crucial railway section of the INSTC, with the project expected to be completed by 2027, mostly financed by Russia​​.

  • Claim

Name

The International North-South Transport Corridor (INSTC), stretching from the Persian Gulf to the Baltic Sea, has gained significant momentum. The sanctions have prompted Russia to shift its trade routes southward, accelerating the development of this transport network. Recently, Russia and Iran agreed to complete a crucial railway section of the INSTC, with the project expected to be completed by 2027, mostly financed by Russia​​.

Types

Claim

Broader claims

The sanctions imposed on Russia could change the current trade routes to the advantage of Iran.

Tags

Claims about the Economic impact of sanctions on Iran

Topics

Russia - Ukraine
Impact of sanctions on the global economy
Impact of sanctions on Asia
Iran position towards sanctions imposed on Russia during the Russia - Ukraine war