• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Bessent’s Treasury has troubling news for every taxpayer

July 13, 2026

Meta Shuts Down Feature Allowing Strangers to Use Your Instagram Pictures in AI Image Generator

July 13, 2026

Explosions Heard Across Iran, But U.S. Says No Strikes Launched

July 13, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Monday, July 13
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Texas Hispanics swung hard to Trump. A new poll shows they’re furious at his deportations.

    July 12, 2026

    The high-stakes, battleground Senate race that no one is talking about

    July 12, 2026

    Lindsey Graham’s Passing Is Another Stage In The Death Of Trumpism

    July 12, 2026

    How ICE melted from view at the World Cup

    July 12, 2026

    The secret to becoming a sporting superpower

    July 12, 2026
  • Health

    Caregiver cuts, pancreatic cancer, HHS vaccines: Morning Rounds

    July 13, 2026

    Eyes On Elevance Health, UnitedHealth For Continued Insurer Rebound

    July 13, 2026

    Kennedy presses ahead with plans to reduce antidepressant use

    July 13, 2026

    Lindsey Graham Cause Of Death, Aortic Dissection. An ER Doc Explains

    July 13, 2026

    Supporting Science Is An Act Of Patriotism

    July 13, 2026
  • World

    Explosions Heard Across Iran, But U.S. Says No Strikes Launched

    July 13, 2026

    Syria Arrests ‘ISIS-Linked’ Suspects in Damascus Bombings

    July 13, 2026

    Kim Jong-un Leads Meeting on Growing ‘Quality and Quantity’ of North Korea Nuclear Force

    July 13, 2026

    Iran Ceasefire is Over, But Talks to Continue

    July 13, 2026

    Texas Man Gets 40 Years for Leading Violent Online Child Exploitation Ring

    July 13, 2026
  • Business

    ATF Rule Could Cause Classic Showdown Between Mom And Pop Shops Versus Online Retailers

    July 10, 2026

    Costco Shows That You Can Build A Thriving Business With One Simple Trick (Pay Your Workers)

    July 9, 2026

    The Agency Elizabeth Warren Built Now Advances Trump’s Agenda

    July 9, 2026

    Meta To Shell Out Billions For New AI Data Center Outside US

    July 9, 2026

    How Big Banks Are Scheming To Jack Up Your Fees

    July 8, 2026
  • Finance

    Bessent’s Treasury has troubling news for every taxpayer

    July 13, 2026

    JPMorgan Chase, Goldman Sachs, Bank of America

    July 13, 2026

    Dellia Group mulls options after interest in fruit-snacks firm

    July 13, 2026

    He works two hours a month to make six figures a year — why he says ditching the 9-to-5 is ‘the ultimate power’

    July 13, 2026

    Mark Cuban has strong words on AI companies and job losses

    July 13, 2026
  • Tech

    Meta Shuts Down Feature Allowing Strangers to Use Your Instagram Pictures in AI Image Generator

    July 13, 2026

    LAPD Cuts Ties with License-Plate Camera Vendor over ‘Who Owns the Data’

    July 12, 2026

    Apple Lawsuit Accuses OpenAI of Stealing Trade Secrets in Massive Scheme

    July 11, 2026

    Bloomberg Claims Startup Co-Founded by Bill Gates’ Daughter Cheats on Sales Credit

    July 11, 2026

    Nobel Prize-Winning Chemist Leaves U.S. to Join Chinese AI Project

    July 11, 2026
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»Russia Expands Oil Trade South via Afghanistan, Seeking Warm Water Ports
Finance

Russia Expands Oil Trade South via Afghanistan, Seeking Warm Water Ports

May 15, 2024No Comments5 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Russia Expands Oil Trade South via Afghanistan, Seeking Warm Water Ports
Share
Facebook Twitter LinkedIn Pinterest Email

Last week, Kazakhstan, Turkmenistan, and Afghanistan announced plans to build a logistics center in Herat province in western Afghanistan, according to an interview given to Reuters by the Taliban’s Minister of Trade Nuruddin Azizi. As part of this agreement, the governments of the three countries will prepare a series of official plans for the creation of a new logistics hub within two months.

The answer to the important question of who will finance this logistics hub remains elusive. The proposed hub will operate as part of the wider International North-South Transport corridor (INSTC), a 7,200 kilometer intergovernmental transport project first established in 2000 by Iran, Russia, and India. The list of participants in INSTC later expanded to 14, including Oman, Turkey, Azerbaijan, Turkmenistan, Kazakhstan, Afghanistan, and Pakistan. Ukraine is also a member, although the current conflict has put a stop to its active participation.

The starting point of the INSTC is in Russia. Freight is then transported along a series of road-rail-sea networks that are part of other continent-straddling transport projects in the region. The route largely runs through the territory of Russia, Azerbaijan, Central Asia, Afghanistan, Pakistan, India, and Iran. The logic behind the INSTC is simple. The INSTC is designed to be the shortest overland transport route and is considered as an alternative to the Suez Canal as it cuts 30 days off shipping times for goods between India and Russia.

The new logistics hub in Afghanistan will supposedly serve as a distribution channel, offloading tanks and other commodities from the road onto rail and then toward seaports in Iran, Pakistan, and India to be shipped to the Middle East and Asia-Pacific region.

See also  When President Trump or another celeb buys a stock, here is the one investing rule to follow

Interestingly, according to the interview Azizi gave to Reuters, the hub will be used to transit Russian oil to the Middle East and Asia.

Finding new sanction-busting trade routes have become increasingly important for countries like Russia and Iran. Global events such as the Russian invasion of Ukraine in February 2022 and the Suez Canal crisis rattled global supply chains and laid bare bottlenecks and trade route vulnerabilities. As such, long-delayed transport projects like the INSTC were suddenly revitalized.

More broadly, Russia, has been eyeing up it active role in transport and other railway projects in the global south. Projects like the INSTC and the Belarus-Russia-Kazakhstan-Uzbekistan-Afghanistan transport project have taken off lately and have been getting a lot of diplomatic attention. Developing southbound trade routes is viewed by Moscow as crucial to advancing its agenda of pivoting trade relations away from the West. 

Russia’s selective transit strategy is not new. After the first wave of sanctions following the invasion of Crimea in 2008, it adopted the same policy of re-routing its pipelines and energy exports through “friendly” transit states.  

The INSTC offers a vital economic escape path for Moscow and Tehran as they battle sanctions. It unites multiple transport systems across various countries, with Russia and Iran being the two countries contributing the most to the infrastructure development projects, accounting for 34.6 percent and 33.7 percent of total planned investments, respectively. Kazakhstan has a 16.5 percent share of investment in the INSTC project. 

Statistics reveal that in 2021, 600,000 tonnes of freight were transported along the Russia-Georgia route via Azerbaijan. In 2022, the then-first deputy prime minister of Russia, Andrei Belousov, had announced that by 2030 the volume of Russian cargo transported through the whole of the INSTC network will double from 17 million tonnes, the current level, to 32 million tonnes per year, which is the amount it would be at its full potential. 

See also  Can Japan Champion Nuclear Duality?

Despite this optimism and multiple dry runs, the project depends heavily on the state of affairs and infrastructure in Iran, and that’s problematic for the Kremlin. Iran is unable to finance the project, and the corridor needs large amounts of investment. Russia will therefore need to provide nearly all of the financing for roads, ports, depots, and additional infrastructure. Given the escalating situation in Ukraine and an increase in Russian military spending, the Kremlin would need to either create additional incentives for the other country members of the INSTC to loosen their purse strings or find alternatives sources of money. 

A month prior to the announcement of the abovementioned dry port project in Herat, the United States had signaled a shift in its stance on Afghanistan. In March 2024 Karen Decker, chargé d’affaires of the U.S. mission to Afghanistan, said Washington has “acknowledged the need for engagement over isolation of Afghanistan.” Also, the United Kingdom has been re-engaging with Central Asia as demonstrated in the recent trip by the U.K. Foreign Secretary David Cameron.

Thus, there has been a recent change in discourse by the West and their strategy is taking a more proactive and engaged direction. The Afghan issue is slowly getting re-introduced into the international foreign policy agenda as the world adapts to a new reality.

Western policymakers have been mulling over Afghanistan for a while now. But as they try and wrap their mind over how best to proceed, Russia has already made advances. These changing currents reflect shifting priorities from regional and global powers. Europe was the Kremlin’s long time economic focus, with the European Union contributing more than a third of Russia’s trade in 2020. It is worth noting that most of Russia’s supply chains are built to cater to Europe. Now, that landscape has changed. And Afghanistan is once again, brought back into the spotlight, for better or for worse. 

See also  Papua New Guinea Is in a Governance Crisis – and Australia Helped Put It There
Afghanistan expands Oil Ports Russia seeking South trade Warm Water
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bessent’s Treasury has troubling news for every taxpayer

July 13, 2026

JPMorgan Chase, Goldman Sachs, Bank of America

July 13, 2026

Dellia Group mulls options after interest in fruit-snacks firm

July 13, 2026

He works two hours a month to make six figures a year — why he says ditching the 9-to-5 is ‘the ultimate power’

July 13, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Kenya Halts Construction of U.S.-Backed Ebola Treatment Center

June 25, 2026

German Automakers Accused Of Importing Vehicles Tied To Chinese Slave Labor

May 20, 2024

U.S. to Seize Kharg Island and Other ‘Oil Infrastructure Points’

June 13, 2026

Dallas Fed President Logan says current data doesn’t justify pausing rate hikes yet

May 18, 2023
Don't Miss

Bessent’s Treasury has troubling news for every taxpayer

Finance July 13, 2026

Borrowing money is not a crisis by itself. Households do it for homes and cars,…

Meta Shuts Down Feature Allowing Strangers to Use Your Instagram Pictures in AI Image Generator

July 13, 2026

Explosions Heard Across Iran, But U.S. Says No Strikes Launched

July 13, 2026

Caregiver cuts, pancreatic cancer, HHS vaccines: Morning Rounds

July 13, 2026
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,399)
  • Entertainment (5,648)
  • Finance (4,169)
  • Health (2,463)
  • Lifestyle (1,897)
  • Politics (3,861)
  • Sports (4,853)
  • Tech (2,372)
  • Uncategorized (4)
  • World (5,623)
Our Picks

Unruly Airline Passengers May Soon Get Their Own No-Fly List

March 29, 2023

Russian Commander Used 2 Military Helicopters To Transport Pet Cat During War: Report

September 8, 2023

Swiss National Bank Chairman hints at rate rises to tackle inflation

June 10, 2023
Popular Posts

Bessent’s Treasury has troubling news for every taxpayer

July 13, 2026

Meta Shuts Down Feature Allowing Strangers to Use Your Instagram Pictures in AI Image Generator

July 13, 2026

Explosions Heard Across Iran, But U.S. Says No Strikes Launched

July 13, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.