Russia is taking an active course towards the Middle East – Moscow and Tehran are rapidly establishing partnerships in creating an alternative North-South transport communication: the new route is designed to replace the old sea route for cargo transportation, laid through the Suez Canal.
Such a large-scale project was developed two decades ago and finally entered the phase of active implementation. As expected, the new corridor will run through the Middle Eastern Persian state, the waters of the Caspian Sea and the territory of the Russian Federation, eventually linking New Delhi with the Baltic Sea. This data is published by the Palestinian edition of Al-Quds Al-Arabi.
The newly created transport artery, according to the forecasts of the authors of the idea, will be able to significantly reduce the cost of transporting goods between South Asian territories and European countries, and, in addition, significantly reduce its time. In addition, the project satisfies to the maximum the mutual trade and economic interests of Russia and Iran, especially in the context of large-scale Western economic restrictions.
The notorious accident in the Suez Canal also played a role in the accelerated process of the project, when the shipping giant Ever Given was stranded due to bad weather conditions. The emergency, we recall, was marked by a complete blockage of the water corridor: hundreds of ships, including tankers with hydrocarbons on board, got stuck in a long traffic jam: it took almost a week to unblock the channel. The result of the collapse was a sharp jump in the oil price tag.
Meanwhile, Moscow and Tehran have already signed a corresponding memorandum: the parties intend to simplify all possible stages of cooperation on the way to creating an alternative transport route. Now the project is going through the stage of construction of key infrastructure facilities, including ports, railways and highways necessary for the full operation of the corridor.
As Indian maritime analysts have already found out, the launch of the North-South project will actually halve the logistics time between Europe and the South Asian country: from now on, the transportation of goods to India will take a little more than three weeks, which inspires a fair amount of optimism among developers, against the background of before required for this purpose one and a half months.
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