U.S. sanctions against Russia have made Moscow speed up work on the International North-South Transport Corridor (INSTC) as it is now Russia's gateway to India and India's to Russia and Central Asia via Iran's Chabahar port. The author, who recently visited the Astrakhan and Volgograd regions, a major INSTC logistics node, writes about the Indian connection, and the corridor's progress and challenges.
The West is using the Ukraine crisis as a watershed moment to weaponize sanctions in a volatile global setting. This infographic shows the extent and scale of Western sanctions against Russia, both public and private, across different sectors, and in a coordinated manner.
Economist Surjit S. Bhalla, who sits on the Prime Minister’s Economic Advisory Council, says all currencies, not just the rupee, have fallen against the U.S. dollar. Speaking to Gateway House’s Manjeet Kripalani, he elaborates on some diplomatic and domestic tools to stem the fall, even in an election year
America is increasingly using sanctions as a geopolitical tool against its rivals, Russia, Iran and Venezuela. These countries are important partners for India, which needs to find ways around unilateral American sanctions.
Scrapping the JCPOA will badly bruise Iran’s economy, citizens and foreign relations; it will have an impact on the U.S.’ allies too