For centuries, trade with Europe was the main pillar of Russia’s economy.
The war in Ukraine ended that, with Western sanctions and other restrictions increasingly cutting Russia off from European markets.
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.
“As Russia’s traditional trade routes were largely blocked, it had to look at other options,” said Rauf Agamirzayev, a transport and logistics expert based in Baku, Azerbaijan, referring to the southern route.
Persons:
”, Rauf Agamirzayev
Organizations:
Iran
Locations:
Europe, Ukraine, Russia, Moscow, China, India, Persian, Mumbai, Baku, Azerbaijan