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Russia Builds New Asia Trade Routes to Weaken Sanctions Over War [Yahoo! Finance]
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US:NASDAQ Investor Relations: ir.tesla.com
its war in Ukraine at the same time as Middle East turmoil is disrupting global trade. Most Read from Bloomberg Dubai Grinds to Standstill as Cloud Seeding Worsens Flooding Tesla Asks Investors to Approve Musk's $56 Billion Pay Again Red Lobster Considers Bankruptcy to Deal With Leases and Labor Costs Bankers Hit With Millions in Breakup Fees for Ditching New Jobs China Tells Iran Cooperation Will Last After Attack on Israel The shipping and rail networks via Iran and an Arctic sea passage could strengthen Moscow's pivot toward Asian powerhouses China and India and away from Europe. They have potential to embed Russia at the heart of much of international trade even as the US and its allies are trying to isolate President Vladimir Putin over the war. The routes could cut 30%-50% off transit times compared to the Suez Canal and avoid security problems plaguing the Red Sea as Houthi rebels attack international shipping over Israel's war against Hamas in Gaza. Iran's miss
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