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🇷🇺⚓️🇮🇷 The year 2022 was a “turning point” in the development of maritime trade between Iran and Russia in the Caspian Sea.

Although it was not limited to bilateral trade between the two countries, and was an important part of the “Preferential Trade Agreement” (PTA) between Iran and the Eurasian Economic Union (EAEU), “International North–South Transport Corridor” (INSTC), and the economic and commercial relations of Russia, Iran and India in framework of “multimodal transportation” by sea, road and rail.

However, maritime trade between Iran and Russia in the Caspian Sea suffers six main challenges that need to be solved.

The conflict in Ukraine, the extensive western sanctions against Russia, Russia’s transit restrictions to Eastern Europe, the continuation of unilateral American sanctions against Iran and the uncertainty of the JCPOA revival process, the emphasis of the Ebrahim Raisi government in Iran on the “Look to the East Policy,” the “Preferential Trade Agreement” (PTA) between Iran and the Eurasian Economic Union (EAEU), “Neighborhood Policy” and “Economic Diplomacy” has caused attention to be more serious than in the past to the “International North–South Transport Corridor” (INSTC) that the maritime trade in the Caspian Sea between Iran and Russia is an important part of it. 

According to Head of Iran’s Khazar Sea Shipping Lines, “the shipment of export container goods has risen 120 percent in the Caspian Sea in the first seven months of the current Iranian calendar year (March 21-October 22) compared to the previous year”.

Dr. Vali Kaleji, a Tehran-based expert on Central Asia and Caucasian Studies, writes on the importance of the development of cooperation between Russia and Iran in the Caspian Sea.

https://valdaiclub.com/a/highlights/expanding-maritime-trade-between-iran-and-russia/

#ModernDiplomacy #CaspianSea #Iran

@valdai_club
🛤️ The opening of the 37-km railway of the Rasht-Caspian project near the southern part of the Caspian Sea on June 20, 2024 is an important development in the cycle of “multimodal transportation” and “combined transport” (CT) in the International North–South Transport Corridor (INSTC).

It could play a very important role in “multimodal transportation” and Combined Transport (CT) by sea, land and rail in the INSTC.

🔹 The speed of passenger trains, according to this plan, is 120 km/h and the speed of freight trains is 80 km/h.
🔹 It is expected that three million tonnes of cargo and 300 thousand passengers will be moved in the first year of operation.
🔹 It is also expected that eventually the amount of cargo that will be moved along this line will reach seven million tonnes and the number of passengers will reach 600,000 people.

The primary purpose of the Rasht-Caspian Railway is to enhance connectivity and facilitate transportation and trade links in Iran, the Caspian Sea littoral states, as well as with the railway network southward, Vali Kaleji writes.

https://valdaiclub.com/a/highlights/the-rasht-caspian-railway/

#Return_of_Diplomacy #Iran #CaspianSea

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