Same song today in Zerohedge:
Escobar: In Eurasia, The War Of Economic Corridors Is In Full Swing
Mega Eurasian organizations and their respective projects are now converging at record speed, with one global pole way ahead of the other.
The War of Economic Corridors is now proceeding full speed ahead, with the game-changing first cargo flow of goods from Russia to India via the International North South Transportation Corridor (INSTC) already in effect.
Very few, both in the east and west, are aware of how this actually has long been in the making: the Russia-Iran-India agreement for implementing a shorter and cheaper Eurasian trade route via the Caspian Sea (compared to the Suez Canal), was first signed in 2000, in the pre-9/11 era.
The INSTC in full operational mode signals a powerful hallmark of Eurasian integration – alongside the Belt and Road Initiative (BRI), the Shanghai Cooperation Organization (SCO), the Eurasian Economic Union (EAEU), and last but not least, what I described as “Pipelineistan” two decades ago.
Caspian is key
Let’s have a first look on how these vectors are interacting.
[rest at link]
https://www.zerohedge.com/geopolitical/escobar-eurasia-war-economic-corridors-full-swing
The major factor that is really hampering the growing, economically rational BRIC trading block is a commonly held stable currency that all the partners can trust. Almost all the trade is done in Western hard currencies or crude barter agreements which leads to disagreements.
Thanks, interesting article but some was very unclearly written to me... Does this Russia to India pipeline currently exist?