Archive · 3 Oct 2026
Putin Proposes New India-Russia Trade Routes Amid Hormuz Risks
Russia and India are discussing ways to move goods along more trade routes.
Vladimir Putin said Russia has tested shipping links with China and South Korea and wants to discuss similar plans with India.
One proposed route, called the International North-South Transport Corridor, involves Russia, Iran and India.
Russia says it can help pay for the project, but Iran still needs to finish its part.
Putin said the section that goes through Azerbaijan is progressing without problems.
These plans matter more as shipping through the Strait of Hormuz faces disruption.
Putin also said Narendra Modi has repeatedly encouraged an end to the war in Ukraine.
He thanked Modi for supporting peaceful dialogue.
Vladimir Putin said Russia sees significant potential for economic cooperation with India, including joint use of international trade routes.
Russia has piloted commercial vessels from China and South Korea and is discussing similar cooperation with India.
Putin said Russia is ready to provide credit for the International North-South Transport Corridor, but Iran must complete its section.
He said the corridor segment through Azerbaijan was progressing without problems and that Azerbaijan agreed to participate.
The route discussions come amid Strait of Hormuz disruptions; Putin also praised Narendra Modi for urging a peaceful end to the Ukraine conflict.
- Who
- Russian President Vladimir Putin discussed trade routes and India-Russia cooperation; he also commented on Indian Prime Minister Narendra Modi’s efforts concerning the Ukraine conflict.
- What
- Putin proposed broader use of trade corridors linking Russia and India and discussed progress on the International North-South Transport Corridor.
- When
- The timing of Putin’s remarks is not specified; the article also refers to an earlier proposal in August by Deputy Prime Minister Marat Khusnullin.
- Where
- The proposed routes involve Russia, India, Iran and Azerbaijan, with wider route options discussed through Turkmenistan, Afghanistan and Pakistan.
- Why
- To expand economic cooperation and consider alternative trade routes amid disruptions and transit risks associated with the Strait of Hormuz.
- Proposed cooperation
- Russia is discussing joint use of international trade corridors with India.
- Existing vessel pilots
- Putin said Russia had piloted commercial vessels from China and South Korea.
- North-South corridor
- The project involves Russia, Iran and India.
- Russian financing
- Putin said Russia was ready to provide credit resources for the corridor.
- Iran's section
- Putin said Iran needed to complete its part of the project.
- Azerbaijan's section
- Putin said the Azerbaijan segment was progressing without problems and that Azerbaijan agreed.
- Hormuz trade figures
- The article says the Strait of Hormuz carries about 25% of global oil trade and nearly 20% of worldwide LNG shipments.