Sanction busting new Iran-Russia intercontinental railroad agreement seeks to take on Suez Canal
Fox News
Russia and Iran inked an agreement to finance a $1.7 billion rail system to connect a major global trade network amid international sanctions.
"The unique North-South transport artery, of which the Rasht-Astara railway will become a part, will help to significantly diversify global traffic flows," Putin said. Caitlin McFall is a Reporter at Fox News Digital covering Politics, U.S. and World news.
According to the Iranian Transport and Urban Development Ministry, Russia will invest $1.7 billion in the railway route, though it did not specify whether Iran would also be contributing to the financing of the rail system, the Tehran Times reported.
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