The route could cut transportation costs by up to 50% and save travel time The North-South corridor could become a safe substitute for the Suez Canal, Russia’s Deputy Prime Minister Andrey Belousov said on Friday, adding that he expects the volume of Russian cargo via this route to double by 2030. Speaking at the Eurasian Economic Forum, he noted that the International North South Transport Corridor (INSTC) and other alternative routes are gaining importance due to “global shifts of world markets” to China, South-East Asia and the Persian Gulf. Existing transport infrastructure which has been historically focused
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