INSTC and Central Asia: Unlocking Economic Potential Through Strategic Engagement
摘要
The International North–South Transport Corridor (INSTC), launched by Russia, India, and Iran in 2000, is a strategic 7,200-kilometer route connecting Asia and Europe. It gained renewed significance after the Russia-Ukraine conflict, enabling Russia and Iran to bypass sanctions and offering India access to cheaper energy and European markets. INSTC rivals initiatives like TRACECA and China’s Belt and Road. Central Asia, rich in energy resources, is a key region for India to counter Beijing’s influence. INSTC’s full implementation could annually transport 25 million tons of cargo, reducing transit time by 2.5 times. Its relevance underscores a shift in Eurasia’s geopolitical and economic landscape, fostering trans-regional integration amid global challenges.