Suez Canal blockage proves relevance of alternative Russia-Iran-India trade route, Foreign Minister Lavrov says ...News

The traffic jam in the Suez Canal that threatened to further shatter global trade has shown the importance of alternative routes, like the one linking Russia and India via Iran, Russian Foreign Minister Sergey Lavrov has said. The multinational trade link, officially known as the North–South International Transport Corridor (ITC), is one of the major infrastructure projects in the region, the Russian diplomat said in a recent interview to IRNA news agency. He added that the route could be a “basis for the creation of a single ‘seamless’ transport, logistics, and economic space” between Iran and Russia, which will host most of the corri

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