Russia to export coal to India through Iran

TEHRAN : Russia plans to transit coal to India via the International North-South Transit Corridor (INSTC) passing through Iran, IRNA reported. The announcement regarding the plan was made during the 27th Saint Petersburg International Economic Forum held in the city on Friday.

As reported, the export cargo of Russian coal is going to be shipped to India through Iran via the southern Bandar Abbas port.

The North-South Corridor consists of three route sections, namely East, West, and Middle.

Iran and Russia are also cooperating in the maritime sector to use the Caspian Sea to shorten the transit route from Russia to India.

Last year, the Islamic Republic of Iran Shipping Lines (IRISL) announced that it has assigned 300 containers to transport goods between Russia and India.

The mentioned containers have been allocated to execute the first phase of a program for transiting Russian commodities to India via the North-South Corridor using the Caspian Sea.

“According to the plans made by the Islamic Republic of Iran Shipping Lines, in the first phase, 300 containers have been considered for transporting cargos to Russia, and if the demand increases, the number of these containers will increase continuously,” an IRISL statement said.