Russia and Iran Refuse to abide by sanctions regarding Caspian Trade Route.
Russia as well as Iran are constructing a new transcontinental route of trade that runs from the eastern reaches of Europe up to the Indian Ocean, a 3,000-kilometer (1,860-mile) route that is beyond the scope of any outside intervention.
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It illustrates what two world’s most sanctioned nations are adapting to western pressures by establishing trade routes that are not subject to interdiction. The route transports goods via railways and rivers that are linked via an international bridge called the Caspian Sea, the inland body of water that is dominated by Russia and Iran.
Supply Chain Latest: Russia and Iran Build Caspian Trade Route – Bloomberg https://t.co/Afdo2PKh8g
— Alec Chivalry (@ArtVandelay2021) December 21, 2022
Data from ship tracking collected by Bloomberg reveal numerous Russian as well as Iranian ships — which includes ones that are subject to sanctions — are already operating the waters. A staggering amount of money is being spent to boost trade volume. (Read the entire report right here.)
“This is about creating supply chains that are sanction-proof throughout,” says Maria Shagina who is an expert in the effects of sanctions as well as Russian international policy with London’s International Institute for Strategic Studies.
Ships that sail along the Don as well as the Volga rivers have traded for centuries agricultural and energy commodities. Iran is the third largest importer of Russian grain. Both countries have announced numerous new business deals that include polymers, turbines, medical equipment and automobile parts.
US Officials are keeping particular attention at the passageway, as it may be used for shipping Iranian weapons used by Russia in its conflict against Ukraine.
“That’s an extremely damaging and reckless choice they’ve made,” said Robert Malley Biden’s Iran envoy. Biden administration’s Iran ambassador. “It’s crucial to shine the spotlight on this.”