Tatarstan opens trade corridor with Iran
Russia Republic of Tatarstan seeks to increase trade with Iran through the International North-South Transport Corridor (INSTC), Tatarstan Deputy Prime Minister and Minister of Industry and Trade Korobchenko Oleg Vladimirovich said.
Speaking at a meeting with his Iranian counterpart, Vladimirovich announced the establishment of logistics centers in Tatarstan to increase trade with Iran through the INSTC and the Caspian Sea, and referred to the proposal to launch direct flights between Tehran and Kazan to improve bilateral relations. trade adding that Tatarstan will prepare all the necessary infrastructure. Flights must currently pass through Istanbul, a direct route would both save money and reduce overall flight time by around 7 hours.
A high-ranking business delegation from Tatarstan recently visited Iran to discuss collaboration in various fields, including oil, gas and petrochemicals, transport and logistics, aviation, food and agriculture, healthcare, cosmetics, automotive, building materials, investment and entrepreneurship.
Tatarstan has strong Islamic roots and shares cultural similarities with Iran. Islam was introduced by missionaries from Baghdad around 922. It became part of Russia in the 1550s during the reign of Ivan the Terrible. In the 19th century, Tatarstan became a center of Jadidism, an Islamic movement that preached tolerance towards other religions. Under the influence of local Jadidist theologians, the region was renowned for its friendly relations with the other peoples of the Russian Empire, and is still known today for this liberal approach. Although a republic with its own seat of government and a large degree of autonomy, Tatarstan is still part of the Russian Federation.
Most Tatars are Sunni Muslims, hence the ties to Iran. Tatarstan has about 3.8 million inhabitants. Trade with Iran would be carried out by shipping south along the Volga or by rail to Russia’s Caspian ports at Astrakhan and Lagan, then shipped directly to the Iranian port of Anzali, also on the The Caspian sea.
Russia has concluded a free trade agreement with Iran through the Eurasian Economic Union. Bilateral trade soared 73% in the first half of 2022.
Briefing Russia is written and produced by Dezan Shira & Associates. In times of uncertainty and sanctions imposition, our firm helps Russian companies relocate to Asia and provides financial and sanctions compliance services to foreign companies operating in Russia. We also provide market research and advisory services to foreign exporters interested in Russia as the economy seeks to replace Western-sourced products. Please contact us at firstname.lastname@example.org or visit us at www.dezshira.com.