A multination trade route being developed by India to halve shipment time for container cargo to Russia, Central Asia, and Afghanistan could be among the casualties of US President Donald Trump’s decision to end the earlier nuclear agreement with Iran.
After Tuesday’s decision by Trump to reinstate sanctions against the Iranian government, India might have to deal with a bloated import bill as global crude oil prices soar, while the budding trade opportunities between India and Iran in non-oil goods have been cut short.
Experts say we have even more to lose. The ambitious proposal for a new trade route,