Putin Bypasses Western Sanctions with First Ever Coal Exports to India via INSTC Corridor

6 months ago

Russia has sent its first coal shipments to India via the International North-South Transport Corridor (INSTC), a 7,200km multimodal route connecting St. Petersburg to Mumbai. This move aims to bypass Western sanctions and reduce shipping times.

India is increasing Russian coal imports, potentially becoming the top buyer within a decade. Simultaneously, Prime Minister Modi may visit Moscow in July, marking his first trip to Russia since 2019. These developments highlight strengthening economic and strategic ties between the two nations.

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00:00Amid the buzz of Modi's visit to Russia, Moscow strengthens energy cooperation with New Delhi.

00:11New trade route and new deal inside Moscow's coal delivery.

00:18Russia has taken a significant step in expanding the trade route by sending coal to India via

00:23the International North-South Transport Corridor, also known as the INSTC, for the first time

00:29in history. This multimodal transport network, spanning approximately 7,200 km from St. Petersburg

00:35to Mumbai, includes railway, road and seaport connecting Russia to India via Iran.

00:43The Russian railway announced that two trains carrying coal from the Kemerovo region have

00:47embarked on its journey. The train will travel through Kazakhstan, Turkmenistan to reach

00:53the Iranian port of Bandar Abbas. From there, the coal will be shipped by sea to the final

00:59destination, the port of Mumbai in India. This development is part of Russia's strategy

01:05to find alternative trade routes in response to Western sanctions. These restrictions have

01:10forced Moscow to shift its trade focus from Europe to Asia and the Middle East.

01:16While the INSTC construction began in early 2000, the recent geopolitical changes have

01:22given it renewed importance. India has been increasing the coal purchases from Russia,

01:27taking advantage of discount offered to Asian buyers after Russia redirected exports away

01:32from the EU countries. Despite India's effort to expand the renewable energy, coal remains

01:37a primary source of power generation. Experts predict that India may overtake China as the

01:43largest buyer of Russian coal over the next decade.

01:48In a related development, India and Russia are also exploring the possibility of a visit

01:52by Prime Minister Narendra Modi to Moscow in early July for talks with President Putin.

01:58If this materializes, this will be Modi's first trip to Russia since 2019 and the first

02:03since the start of the Ukraine war. The last India-Russia summit was held in 2021 when

02:08Putin visited India. This high-potential meeting, coupled with the inaugural coal shipment via

02:14INSTC, underscores the growing economic and strategic ties between India and Russia. It

02:19also highlights the countries' efforts to strengthen their dynamic partnership amid

02:24the changing global dynamics.

02:44Subscribe to OneIndia channel and never miss an update.

Putin Bypasses Western Sanctions with First Ever Coal Exports to India via INSTC Corridor | Watch

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