18th May 2023 (6 Topics)
1
May
2
May
3
May
4
May
5
May
6
May
8
May
9
May
10
May
11
May
12
May
13
May
15
May
16
May
17
May
18
May
19
May
20
May
22
May
23
May
24
May
25
May
26
May
27
May
29
May
30
May
31
May
Iran, Russia ink agreement on completing Rasht-Astara railway
Context
Russian and Iran signed a deal to finance and build an Iranian railway line as part of an embryonic international North–South Transport Corridor.
Rasht-Astara railway
- The Rasht-Astara railway is seen as an important link in the international North–South Transport Corridor, intended to connect India, Iran, Russia, Azerbaijan and other countries via railways and sea - a route that Russia says can rival the Suez Canal as a major global trade route.
- The 162 km (100 mile) railway along the Caspian Sea coast would help to connect Russian ports on the Baltic Sea with Iranian ports in the Indian Ocean and the Gulf.
|
North–South Transport Corridor
|
Rival to Suez Canal?
- The Rasht-Astara railway is a route that Russia says can rival the Suez Canal as a major global trade route.
Background
- Russia and Iran have been pushed to strengthen their political and economic ties by Western economic sanctions on each, which both say are unjustified.
- Since the 1979 Islamic Revolution, Iran has been ostracised by the West and its economy crippled by a myriad of sanctions.
- It holds around a quarter of the Middle East's oil reserves.
- The West also imposed other set of restrictions over Iran's nuclear program
- Russia was sanctioned due to its actions in Ukraine.
More Articles
Courses
Study
Notes
Home
Resources
More
