Page 127 - bneIntelliNews monthly country report Russia May 2024

(over 850,000 members), in Pittsburgh. At the meeting with union leaders, Biden will also reiterate his opposition to the $15bn deal for the acquisition of American company US Steel by Japanese competitor Nippon Steel. The White House justified the introduction of new tariffs by serious risks to the future of the American steel and aluminium industries due to "excessive industrial capacities" in China.
9.1.12 Transport sector news
When you try to isolate a country - don't forget geography. The Northern Sea Route and the "North-South" Corridor Will Transform Russia into a Center of Global Trade According to the publication, this will reduce the delivery time of goods to consumers by 30-50% compared to the traditional route through the Suez Canal, and also avoid the dangers associated with navigation in the Red Sea. The Northern Sea Route (NSR) is a maritime route in the Russian Arctic that connects European and Far Eastern ports of Russia, as well as the mouths of navigable Siberian rivers into a single transportation system. The route is nearly twice as short as other sea routes from Europe to the Far East. The "North-South" route is a multimodal transportation corridor for passengers and goods from Asian countries to Europe via Russia. It will link, among others, Russia, Azerbaijan, Iran, and India.
127 RUSSIA Country Report May 2024 www.intellinews.com