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The International North–South Transport Corridor (INSTC) is a 7,200-km (4500 mile) long [1] multi-mode network of ship, rail, and road route for moving freight between India, Iran, Azerbaijan, Russia, Central Asia and Europe. The route primarily involves moving freight from India, Iran, Azerbaijan and the Russian Federation via ship, rail and ...
In 2010, the trade turnover, according to the Federal Customs Service of Russia totalled $49 million. Between 2013 and 2020 Uganda mainly imported cereals from Russia with values of $30-90m per annum. In 2021, Uganda exported $18.1M to Russia, while Russia exported $90.2M to Uganda. [2] However, Uganda imposed sanctions on Russia in 2022.
Bilateral trade between the two countries amounted to $728 million in 2010–11, with the balance of trade heavily in India's favour with Ugandan exports to India accounting for only $16.7 million of the total trade. Uganda imports almost 30% of its pharmaceuticals from India while India emerged the second largest source of Foreign Direct ...
For most economies worldwide, their leading export and import trading partners in terms of value are typically the United States, the European Union (EU) or China. Emerging markets such as Russia, Brazil, India, South Africa, Saudi Arabia, the UAE, Turkey, and Iran are becoming increasingly important as major markets or source countries in various regions.
Chennai–Vladivostok Maritime Corridor is a proposed sea route covering approximately 5,600 nautical miles, or about 10,300 km, aimed at increasing bilateral trade between India and Russia. In September 2019 in Vladivostok , Prime Minister Narendra Modi signed a Memorandum of Intent for the route.
At the BRICS leaders meeting in Saint Petersburg in September 2013, China committed $41 billion towards the pool; Brazil, India, and Russia $18 billion each; and South Africa $5 billion. China, which held the world's largest foreign exchange reserves and contributed the bulk of the currency pool, wanted a more significant managing role.
The route allowed traders along the route to establish a direct prosperous trade with Byzantium, and prompted some of them to settle in the territories of present-day Belarus, Russia and Ukraine. The route began in Scandinavian trading centres such as Birka, Hedeby, and Gotland, crossed the Baltic Sea entered the Gulf of Finland, followed the ...
Uganda is represented in The Netherlands by its embassy in Brussels, Belgium. [178] Poland: 8 April 1963: See Poland–Uganda relations Russia: 13 October 1962: See Russia–Uganda relations. Diplomatic relations were established on 13 October 1962 [9] Russia has an embassy in Kampala. Uganda has an embassy in Moscow. Sweden: 9 April 1964