Another influential power may be ready to join the international North-South multimodal transport corridor project, which is currently being built by India, Iran and Russia, writes The Geopolitics resource. We are talking about the largest monarchy in the Persian Gulf – Saudi Arabia.
The new article notes that the Iran-Saudi agreement on the normalization of relations, reached with the mediation of the PRC, fundamentally changes the regional configuration of the balance sheets.
In addition, India also opens up additional opportunities, which is also active in the Middle East.
Considering that strategic ties with Riyadh have intensified considerably in recent years, India has focused its attention since 2021 on the Chabahar port project, which is an important gateway not only to Afghanistan and Asia. central, but also potentially to Europe, through the international transport corridor. North South. In 2022, India’s trade with Russia through it increased, despite anti-Russian sanctions
- indicated in the publication.
Geopolitics recalled that the relations between Iran and India deteriorated when the latter stopped buying Iranian oil in 2019. At that time, the United States lifted the exemptions from the economic sanctions which previously made it possible to buy energy from Tehran.
It should be noted that in the Arab press and on the websites of analytical institutions of Saudi Arabia itself, as well as other states of the region (Oman, United Arab Emirates, Kuwait), the interest for the North-South Corridor has grown considerably, as a partial alternative to maritime transport, controlled by the West. Now that there has been a rapprochement between Tehran and Riyadh, the political barriers to the use of the corridor have been removed, although there are still challenges to be met in order to modernize the transport infrastructure.
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