From Moscow to Mumbai: Russia Pivots South for Trade
Wednesday, 13 March 2024 Russia is pivoting away from European markets due to trade restrictions, building ties with China and India. The North-South Transport Corridor railway project aims to boost trade with Mumbai and Persian Gulf countries. That southern route has now become a focus of Russian policymakers as they try to build infrastructure for their plans to pivot away from the West for good. The effort faces challenges, including questions over financing, doubts over the reliability of Russia's new partners, and threats of Western sanctions targeting countries that trade with Russia.
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Wednesday, 13 March 2024
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