Long wait for a shorter trade route to Russia ends

Iran-Azerbaijan-Russia corridor promises to cut down 44% of logistics cost, halve travel time

India will on April 13 showcase a shorter trade route to the Commonwealth of Independent States (CIS) to mark the 70th anniversary of diplomatic and trade ties between India and Russia, but the corridor has found few takers as of now due to lack of awareness, threat of US sanctions against Iran and difficulties over procedural issues. 

The marketing of the route next month may evoke interest from traders; albeit it may still take four-six months to get traffic. 

The International North-South Transport Corridor is being dubbed as India’s biggest bet in Central Asia and Russia. It aims to halve