Tag #Transit Routes

What is the most significant impact of the shift in global trade routes away from Russia on Central Asian and Caucasus countries?

Following Russia's invasion of Ukraine, Central Asian and South Caucasus countries are investing heavily in infrastructure to become vital transit hubs for Eurasian trade, attracting significant interest from Europe seeking alternative routes to Russia. Kazakhstan, already a major transit point with 85% of China-EU goods passing through, benefits from the Trans-Caspian International Transport Route (TITR), showing a 20% increase in cargo volume to 3.3 million tons in 2024.