Jun 5, 2021, 11:38 AM
Journalist ID: 1006
News Code: 84355495
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Official announces Russia's interest in Iran's INSTC construction

Moscow, June 4, IRNA- The Russian Export Center CEO Veronika Nikishina said that Russian companies are ready to participate in Iran's International North–South Transport Corridor (INSTC) .

Nikishina made the remarks on Friday in a  business meeting in Moscow.

The Russian Export Center is ready to provide services to companies for the construction of part of the the International North–South Transport Corridor (INSTC) in Iran, she added.

This Russia official added that the Eurasian Economic Union and the Russian Export Center are ready to provide services to Russian companies in order to implement part of the North - South railway corridor project.

The Russian official said in his remarks that the  Eurasian Economic Union's infrastructure at the present time are not fully implemented to make use of its facilities and trade privileges to the benefit of its member countries.

Experts are of the opinion that the completion of the International North-South Transport Corridor, which is going to connect Russia and Eastern Europe to India and China through Iran, will help thrive economy of the Islamic Republic.

The railroad begins from China and passes from India to Pakistan and then Iran, but the only part that is needed to connect Russia to Finland is the Rasht-Astara railway, which is to be constructed.

Iran’s preferential trade agreement with Eurasia that was implemented on November 25, 2019, has ever since provided an appropriate ground for increasing Tehran’s international transactions at a lower cost with higher benefits than before.

Eurasia is the largest continental area on Earth, comprising all of Europe and Asia. Primarily in the Northern and Eastern Hemispheres, it is bordered by the Atlantic Ocean to the west, the Pacific Ocean to the east, the Arctic Ocean to the north, and by Africa, the Mediterranean Sea, and the Indian Ocean to the south.

The division between Europe and Asia as two continents is a historical social construct, as they have no clear physical separation between them; thus, in some parts of the world, Eurasia is recognized as the largest of the six, five, or four continents on Earth. In geology, Eurasia is often considered as a single rigid megablock.


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