Russia sends coal to India by train for first time (www.rt.com)

submitted 4 months ago by intelshill@lemmy.ca to c/worldnews@lemmy.ml

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[-] jimmydoreisalefty@lemmy.world 2 points 4 months ago

New of BRICS and going away from petrodollar, it will be in the history books, if allowed.

Interesting news keeps coming out.

India has been ramping up purchases of both coking and thermal coal from Russia since Moscow redirected exports from EU countries and offered substantial discounts to Asian buyers. Despite its efforts to expand renewable energy projects, India continues to rely heavily on coal as its primary source of power generation. Huge increase in Russian coal exports to India

Consulting firm Yakov and Partners (formerly McKinsey Russia) has projected that India will surpass China as the top buyer of Russian coal within the next decade.

Moscow is seeking to both ensure interconnectivity throughout the INSTC and launch regular freight shipping lines, President Vladimir Putin has said. The volume of goods shipped via the INSTC is expected to almost triple over the next seven years. The Russian leader has suggested establishing a logistics hub for the corridor on the African coast.

[-] sunzu@kbin.run 5 points 4 months ago

The International North–South Transport Corridor (INSTC) is a 7,200-km (4500 mile) long[1] multi-mode network of ship, rail, and road route for moving freight between India, Iran, Azerbaijan, Russia, Central Asia and Europe. The route primarily involves moving freight from India, Iran, Azerbaijan and the Russian Federation via ship, rail and road.

https://en.wikipedia.org/wiki/International_North%E2%80%93South_Transport_Corridor