Cargo Breaking News
Balagopal Balachandran, National Head – Air Freight said, “While there is no formally established ‘India-Russia-China economic corridor yet, there is definitely renewed momentum around closer cooperation among the three countries. Russia India China (RIC) Troika was first conceptualised by Russia in the 1990s, a time when Russia was trying to find its place on the global stage following the collapse of the USSR.
A potential trilateral corridor, if realized, would significantly boost EXIM trade and create new opportunities for trade agents by offering alternative, more direct trade routes and payment systems. We are already seeing encouraging signals. Diplomatic engagement in 2025 has led to several new agreements, and India and Russia have set an ambitious target of USD 100 billion in bilateral trade by 2030.
These political signals increase the probability of concrete trade facilitation steps (e.g., tariff talks, rail/road/law harmonization, payment arrangements) that reduce friction and cost for exporters and importers. However, the realisation of a fully functional trilateral corridor remains constrained by geopolitical challenges, particularly the persistent trust deficit and unresolved border issues between India and China. Until these are addressed, progress is more likely through strengthened bilateral engagements and broader platforms like BRICS and the SCO, rather than a formal trilateral corridor.
