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Defense & Security
A group of people are controlling the orbiting international space station ISS. Elements of this image furnished by NASA.

Assessing the Implications of Interstellar Objects for Planetary Security and Defense

by Sebastián Calderón Céspedes

As international order evolves in the 21st century, strategic competition is increasingly shaped by technological frontiers and emerging domains of power. Unlike the unipolar moment following the Cold War, the contemporary landscape is defined by multipolarity, where major powers vie for influence across space, cyberspace, and biotechnology. Outer space has emerged not only as a frontier for exploration but also as a potential arena for resource acquisition and military projection, raising novel challenges for international law, security policy and cooperative governance. Examining interstellar phenomena in this context underscores the importance of preparedness, coordination, and risk management, even without assuming the presence of extraterrestrial intelligence, yet acknowledging the unprecedented nature of events that are pushing the boundaries of human observation. Humanity is gradually entering an era in which technological progress is reshaping our conception of cosmic exploration. As advancements in rocket propulsion, materials science, and observational astronomy accelerate, the prospect of humanity departing Earth towards other worlds becomes less a distant dream and more an inevitable chapter in our long-term evolution. The future of our species increasingly appears to be tied to the potential terraforming of new planets and celestial bodies, alongside the development of aerospace technologies capable of carrying us deeper into the cosmos. Within this transformative horizon, the Fermi paradox or the Dark Forest theory gains renewed relevance, challenging humanity to consider the existential filters that civilizations must surpass to survive, expand and potentially encounter other life forms. Yet, while such milestone may unfold centuries from now, the foundations of that future are being laid in the present. In the 21st century, specifically by the year 2026, humanity will become more capable of observing its immediate cosmic neighborhood. Modern telescopes and space-based observatories allow us to detect objects that for centuries have likely passed through our solar system unnoticed. Only within the brief span of our scientific maturation have we acquired the tools to identify interstellar objects, bodies originating beyond the solar system whose physical properties and trajectories challenge our existing frameworks. These objects, often catalogued as cometary in nature, possess characteristics that warrant careful study. Their unusual shapes, compositions, and velocities offer insights into environments beyond our interstellar cradle and, in some cases, raise questions about their natural origin or even the possibility of artificial extraterrestrial technology. As our detection capabilities improve, the arrival of each interstellar visitor represents not only a scientific opportunity but also a critical data point for understanding planetary security and defense. Consequently, their study urges nations to evolve towards a more serious and coordinated international framework capable of addressing the strategic, scientific, and existential implications of interstellar encounters. The emergence and Relevance of Interstellar Objects The scientific understanding of interstellar objects (ISOs) has evolved rapidly in recent years, propelled by technological advances and the unexpected discovery of bodies crossing the solar system on hyperbolic trajectories. Before 2017, the existence of such objects was largely theoretical, supported by models of planetary formation and stellar dynamics that predicted the ejection of debris during the early stages of planetary system evolution. These models implied that the Milky Way should contain vast populations of wandering fragments- comets, asteroids, and potentially more complex bodies such as extraterrestrial debris moving freely through interstellar space. Yet observational confirmation remained unattainable due to instrumental limitations. This changed with the detection of the first confirmed interstellar object, 1/Oumuamua, whose physical properties departed radically from known solar system bodies. Its non-gravitational acceleration, lack of a visible coma, and elongated shape challenged established models of cometary activity and asteroidal composition (Meech et al, 2017). The subsequent discovery of 2I/Borisov, a more conventionally cometary object, confirmed that the solar system is indeed exposed to material originating from other stellar environments (Jewitt & Luu, 2019). The contrast between both objects highlighted a key insight: ISOs are highly diverse, and their properties may reveal mechanisms and materials absent from our own planetary system. Advances in wide-field surveys, high-resolution instrumentation, and automated sky- monitoring systems have significantly expanded humanity´s capacity to detect and track ISOs. The increasing sensitivity of these tools marks a transition toward a new observational era in which interstellar detections may become more frequent. As a result, we are now able to observe the behavior of bodies entirely foreign to the solar system-objects whose trajectories, compositions, and signatures often defy established expectations and expose gaps in existing theoretical frameworks. This expanding observational capability not only advances scientific knowledge but also underscores the urgency of early warning detection. Because ISOs are typically identified within narrow observational windows, delayed characterization can lead to the loss of critical scientific and strategic information. Consequently, the growing presence of ISOs calls for enhanced global coordination, standardized protocols, and a more serious international approach to monitoring and interpreting near-Earth interstellar encounters. The Impact and Arrival of 3I/ATLAS The discovery of 3I/ATLAS, the third confirmed interstellar object entering our solar system, marks a significant milestone in modern astronomy. Unlike 1/Oumuamua and 2I/Borisov, whose observational windows were limited and partially constrained, 3I/ATLAS has provided a comparatively longer period for systematic study. Its hyperbolic trajectory, unusual photometric behavior, and non-standard luminosity variations have made it an object of exceptional scientific interest. While early observations suggest that while 3I/ATLAS shares key characteristics with known cometary bodies, its behavior reinforces broader findings that interstellar objects often display physical and dynamical properties that do not fit neatly within exiting taxonomies of solar system objects (Jewitt, 2023). The media response to 3I/ATLAS has been unprecedented. As with Oumuamua, the object rapidly became the subject of public fascination, sensational claims, and speculative narratives. News outlets, online forums, and social media ecosystems proliferated interpretations ranging from exotic physics to extraterrestrial probes. While much of this discourse lacks grounding in empirical evidence, its widespread circulation reflects a broader sociological trend: interstellar phenomena increasingly operate not only as a scientific event but also as catalysts for public, imagination, cultural anxiety, and geopolitical attention. As Kaku (2020) notes, humanity approaches a technological threshold where cosmic discovery intersects directly with public consciousness, provoking both curiosity and apprehension. From a scientific standpoint, researchers such as Loeb (2021) have emphasized that anomalous behavior in interstellar visitors should not be dismissed lightly. Although 3I/ATLAS currently appears consistent with a natural origin, its unique features-and the difficulty in categorizing ISOs-underscore the need for serious, methodical investigation. Loeb argues that humanity must abandon its complacency regarding the unknown nature of interstellar technologies or civilizations and instead adopt a posture of preparedness, open inquiry, and systematic risk assessment. In his view, phenomena like 3I/ATLAS are reminders that humanity is not isolated, and that contact-whether intentional or incidental—with non-human intelligence represents a real possibility with profound implications. The arrival of 3I/ATLAS has also highlighted the potential consequences of extraterrestrial technological encounters. Even in the absence of direct evidence of artificial origin, the mere ambiguity of such objects can trigger global destabilization through speculation, misinformation, or geopolitical competition. Historical examples such as the economic collapses of 1929 and 2008, the disruptive effects of the COVID-19 pandemic, and the global tensions surrounding major wars demonstrate how uncertainty-especially when amplified by media-can generate widespread instability. In this context, an interstellar object exhibiting unexplained characteristics could easily become a flashpoint for international tension, economic turbulence, or strategic miscalculation. Thus, beyond its scientific significance, 3I/ATLAS has brought renewed attention to the vulnerabilities and responsibilities of a species becoming increasingly aware of its cosmic environment. The object serves as a practical reminder that humanity must develop not only more advanced observational systems but also coordinated international frameworks for managing unexpected astronomical events. As we confront the possibility of encountering technologies or life beyond Earth, the world must adopt a more mature, structured approach to detection, interpretation, and global communication. This moment sets the stage for next critical dimension of the discussion, the implications of interstellar objects for planetary security and defense, and the urgent need to assess humanity’s readiness for cosmic contingencies. Toward a Multiplanetary Security Architecture Planetary security has grown increasingly complex as scientific capabilities expand toward detecting and characterizing interstellar objects whose origins and physical attributes lie beyond conventional astrophysical categories. Within the United Nations framework, existing mechanisms-such as COPUOS, the International Asteroid Warning Network (IAWN), and the Space Mission Planning Advisory Group (SMPAG) provide the foundational structure for global coordination on natural impact hazards (UN COPUOS, 2014). However, these institutions were established under assumptions limited to solar system derived natural threats, leaving them poorly equipped to address unknown interstellar phenomena. The Outer Space Treaty and subsequent conventions introduced broad principles on cooperation and peaceful use, but no anticipated scenarios involving technologically anomalous interstellar objects or potential artificial extraterrestrial artifacts, resulting in a significant global governance vacuum. These mechanisms are designed primarily for probabilistic, natural impact scenarios, not for interstellar objects exhibiting anomalous trajectories, non-gravitational accelerations or uncertain technological signatures. Recognizing this gap, recent scientific proposals-most notably those advanced by Loeb (2023)-have called for the development of a dedicated international coordination mechanism under the United Nations system for the study and assessment of interstellar objects. Rather than proposing a fixed institutional blueprint, these contributions emphasize the need for a structured platform capable of integrating scientific analysis, risk assessment, and transparent diplomatic communication in cases involving anomalous interstellar phenomena. Such proposals should be understood not as a definitive institutional prescription, but as forward as a definitive institutional prescription, but as forward-looking reference points for the type of governance architecture of international community must begin to contemplate. As humanity´s observational reach extends beyond the boundaries of the solar system; this governance gap becomes increasingly consequential. Interstellar objects introduce forms of uncertainty that existing planetary defense regimes-designed around predictable, solar system-derived threats were never Intended to manage, underscoring the need for flexible and adaptive legal frameworks capable of integrating scientific uncertainty into decision making processes. Within this emerging landscape, conceptual assessment tools have gained relevance as mechanisms to structure uncertainty rather than eliminate it. One illustrative example is the Interstellar Threat Assessment Scale (ITAS) proposed by Loeb (2024), which offers a simplified framework for evaluating interstellar detections based on observable characteristics rather than speculative intent. As its lower levels, the scale categorizes objects that behave consistently with natural interstellar debris, such as comet-like bodies exhibiting predictable physical and dynamic properties. Higher levels correspond to increasing degrees of anomaly-such as unexplained non-gravitational acceleration, unconventional trajectories, or geometries inconsistent with known natural formation processes. While the scale is not explicitly designed to identify extraterrestrial technology, it intentionally encompasses characteristics that fall outside established natural baselines. This design allows it to function across multiple scenarios, from rare or poorly understood natural phenomena to detections that may warrant closer scrutiny due to their atypical behavior. In this sense, the framework remains agnostic regarding origin, yet adaptable enough to support both conventional astrophysical analysis and precautionary assessments under conditions of elevated uncertainty. Importantly, it does not assert hostile intent or artificial origin, rather it operates as a risk-management tool that helps differentiate levels of scientific uncertainty and potential planetary relevance. Approached in this manner, such frameworks contribute to the evolution of international space governance by providing a shared analytical language for policymakers, scientific institutions, security agencies and statecraft-oriented decision-makers. By standardizing how uncertainty is assessed and communicated, they reduce fragmented national interpretations, limit reactive or militarized responses, and promote cooperative, evidence-based decisions. Decision-making under conditions of incomplete information. This process reflects a broader need for international space law to evolve dynamically. However, the governance of interstellar risk cannot rely solely on conceptual models or isolated scientific initiatives. It requires a genuinely planetary response that integrates the full spectrum of contemporary technological, institutional, and political capacities. International legislation governing outer space must be adaptive and evolutionary, capable of responding to emerging scientific realities. Artificial intelligence, real-time global surveillance networks, and autonomous detection algorithms must be incorporated into a unified planetary architecture capable of identifying and characterizing interstellar objects far earlier than current capabilities allow. Equally important is the sustained collaboration among major space agencies-including NASA, ESA, CNSA, ISRO, Roscosmos, and JAXA- alongside private actors such as SpaceX, Blue Origin, and emerging aerospace enterprises, whose technological capabilities and rapid innovation cycles are increasingly central to space governance. Equally critical is great-power cooperation. From a realist perspective, the international system remains defined by competition, power asymmetries, and strategic mistrust. Yet planetary defense represents a rare domain in which shared existential vulnerability can partially override zero-sum logic. The detection of an anomalous interstellar object must never become a catalyst for geopolitical rivalry or strategic miscalculation, but rather an opportunity for transparent scientific collaborations and coordinated global response. In an international order strained by power competition, planetary security stands as one of the few areas where shared survival interests necessitate shared responsibility. Ultimately, interstellar objects compel humanity to transcend political fragmentation and adopt a forward- look global strategy. Building a resilient planetary security architecture requires the integration of scientific expertise, adaptive international governance, technological innovation, and coordinated commitment of state and private actor alike. Whether future interstellar encounters prove benign or reveal unprecedented anomalies, preparedness is not speculation, it is an essential step in the evolution of humanity´s role within the cosmos. References - Jewitt, D., & Seligman, D. Z. (2023). The interstellar interlopers. Annual Review of Astronomy and Astrophysics, 61, 197–236. https://doi.org/10.1146/annurev-astro-071221-054221 - Jewitt, D., & Luu, J. (2019). Initial characterization of interstellar comet 2I/2019 Q4 (Borisov). The Astrophysical Journal Letters, 886(2), L29. https://doi.org/10.3847/2041-8213/ab530b - Kaku, M. (2018). The Future of Humanity: Terra­forming Mars, Interstellar Travel, Immortality, and Our Destiny Beyond Earth. Doubleday. https://www.penguinrandomhouse.com/books/555722/the-future-of-humanity-by-michio-kaku/ - Loeb, A. (2021). Extraterrestrial: The first sign of intelligent life beyond Earth. Houghton Mifflin Harcourt. https://openlibrary.org/books/OL31850155M/Extraterrestrial?utm_source=chatgpt.com - Loeb, A. (2024). The interstellar threat assessment scale. Medium. https://avi-loeb.medium.com/ - Meech, K. J., et al. (2017). A brief visit from a red and extremely elongated interstellar asteroid. Nature, 552, 378–381. https://doi.org/10.1038/nature25020 - United Nations Committee on the Peaceful Uses of Outer Space (UN COPUOS). (2014). Report of the Scientific and Technical Subcommittee on its fifty-first session. United Nations Office for Outer Space Affairs. https://www.unoosa.org/oosa/en/ourwork/copuos/stsc/2014/index.html

Energy & Economics
Egypt flag wavering on blobe with modern building skyline. Flag waving on world map. Egypt national flag for independence day.

Egypt after Mubarak: From Political Turmoil to Sustainable Development

by Rami El-Kalyubi

On January 25, 2011, thousands of Egyptians took to the streets in mass demonstrations demanding freedom, social justice, and the resignation of President Hosni Mubarak, who had held office since 1981. Just 18 days later, on February 11, 2011, newly appointed Vice President of the Arab Republic of Egypt Omar Suleiman announced on state television that Mubarak was stepping down as president and transferring power to the Supreme Council of the Armed Forces. Hundreds of thousands of Egyptians took to the streets to celebrate the victory of the revolution and the beginning of a new chapter in the country's history. However, within months, the general euphoria gave way to the realization that the "new republic" faced serious political and economic challenges. The dramatic events of early 2011 marked the beginning of a long, complex, and at times painful process, the consequences of which can still be seen today. As the fifteenth anniversary of the revolution approaches, Egypt has managed to maintain internal stability and demonstrate sustainable economic growth, but at the same time, the country faces several complex internal and external challenges in politics, economics, security, and other areas. From revolution to counterrevolution Having taken the reins of power in February 2011, the Military Council immediately declared itself no alternative to a civilian government, and by late June 2012, power was transferred to the first president elected since the revolution, Mohamed Morsi, a candidate of the Freedom and Justice Party, the political wing of the Muslim Brotherhood*. Having received 51.73% of the vote in the second round of the presidential election, Morsi narrowly defeated the last Mubarak-era prime minister, Ahmed Shafik, and became the first president in modern Egypt without a military background. However, the now-deceased Morsi, who came to embody the rise and fall of political Islam in Egypt, was not destined to remain in power for long. Just a year later, on July 3, 2013, he was ousted by Defense Minister Abdel Fattah el-Sisi amid mass demonstrations. Supporters of the Muslim Brotherhood* considered the incident a military coup, while el-Sisi, who later became president, repeatedly repeated that the army intervened only after mass demonstrations against Morsi. Morsi's ouster provoked diametrically opposed reactions among regional players. While Saudi Arabia and the UAE quickly became key external donors and allies of the new Egyptian authorities, relations with Qatar and Turkey (the main sponsors of Islamic political movements in the Middle East) deteriorated sharply. Relations with the United States, Egypt's key ally since the 1979 peace treaty with Israel, also cooled somewhat. Following the dispersal of a Muslim Brotherhood* protest in Cairo in August 2013, then-US President Barack Obama canceled joint US-Egyptian military exercises, declaring that traditional cooperation could not continue as usual. The allocation of $1.3 billion in annual US military aid has repeatedly become a subject of political bargaining. Strengthening relations with Moscow Against this backdrop, Egypt has moved toward some rapprochement with Moscow. Since 2014, el-Sisi, first as Defense Minister and then as President, has made a series of visits to Russia, attending two celebrations marking the anniversaries of Victory over Nazi Germany in 2015 and 2025. Furthermore, el-Sisi participated in two Russia-Africa summits in Sochi in 2019 and St. Petersburg in 2023, and attended the BRICS summit in Kazan in October 2024. In December 2025, the second Russia-Africa ministerial conference was held in Cairo, with the participation of Russian Foreign Minister Sergey Lavrov, with whom el-Sisi met. However, relations with Russia were seriously tested by the terrorist attack on board a Kogalymavia (DBA Metrojet) Airbus A321 on October 31, 2015, en route from Sharm el-Sheikh to St. Petersburg. As a result of the incident, Russia completely suspended direct air service to Egypt for several years, dealing a painful blow to the country's tourism sector. Meanwhile, Egyptian authorities steadfastly refused to classify the incident as a terrorist attack, hold those responsible for negligence accountable, or provide appropriate compensation to the families of the victims. Nevertheless, the positive dynamics in Russian-Egyptian relations have now been fully restored. According to the Association of Tour Operators of Russia (ATOR), Egypt has once again become one of the top five most popular foreign destinations for Russians, behind Turkey, China, and the UAE, having welcomed over 1.4 million Russian tourists in the first nine months of 2025, a 36.8% increase compared to the same period in 2024. By effectively exporting Egyptian services to the Russian market, tourism offsets the imbalance in the two countries' trade balance, which traditionally skews heavily in Russia's favor. Furthermore, Russia contributes to the food security of Egypt, the world's largest wheat importer, accounting for over 60% of its total imports. Egypt, in turn, is also actively increasing its agricultural exports to Russia — oranges, mangoes, and other Egyptian origin agricultural products are increasingly found on the shelves of Russian retail chains. The flagship project of Russian-Egyptian cooperation is, without a doubt, the construction of the first nuclear power plant, El Dabaa, in the Matrouh Governorate on the Mediterranean Sea, which is being carried out by the Russian state corporation Rosatom. In terms of scale, this project is often compared to the Aswan High Dam, built with Soviet support in the 1960s. Relations with external players Gradually, el-Sisi succeeded in restoring allied relations with the United States. "My favorite dictator," Trump described el-Sisi during his first term. Following the summit in the Saudi city of al-Ula in early 2021, which marked the restoration of relations between Saudi Arabia, the UAE, and Bahrain, on the one hand, and Qatar, on the other, Cairo followed its Arabian partners in quickly restoring relations with Doha. In November 2022, photos of a meeting between el-Sisi, Emir of Qatar Tamim bin Hamad Al Thani, and Turkish President Recep Tayyip Erdoğan during the opening ceremony of the FIFA World Cup in Doha circulated around the Arab world. This trilateral meeting marked the starting point for the normalization of relations between Cairo and Ankara. Regarding relations with Israel, el-Sisi continued the unpopular rapprochement, openly praising the success of the Egyptian-Israeli peace model. EgyptAir's national carrier began flying to Tel Aviv under its official livery, rather than under the brand of its subsidiary Air Sinai, as it had previously. However, the national carrier's direct flights to Israel were suspended in October 2023 amid the escalation between Israel and the Palestinian movement Hamas in the Gaza Strip. In the energy sector, Egypt is actively purchasing natural gas from Israel's Leviathan field offshore the Mediterranean. Consolidation of power by al-Sisi In terms of domestic policy, el-Sisi has managed to significantly consolidate power in recent years. In 2019, Egypt held a referendum on constitutional amendments allowing el-Sisi to remain in power until 2030. el-Sisi has positioned himself as a leader who successfully confronts domestic and external challenges. Under his leadership, major national projects have been implemented, including the expansion of the Suez Canal, the construction of a new administrative capital, and the country's first nuclear power plant. Following the purge of the Muslim Brotherhood leadership, Egyptian authorities have moved to tighten control over the most influential media outlets. Recent years have seen the rise of the media holding company United Media Services, which is believed to be affiliated with the General Intelligence Service. Founded in 2016, the company has now grown into one of the largest media giants in the Arab world, encompassing over 40 subsidiaries, including approximately 15 television channels. Economic challenges Post-revolutionary Egypt faced several economic challenges amid political instability and a deteriorating security situation. To secure new IMF loan tranches, el-Sisi implemented a series of unpopular measures that Mubarak had resisted, including a gradual increase in fuel and electricity prices. In 2024, a decision was made to quadruple the price of even subsidized bread, a staple food for the poor. Given the importance of subsidized flatbread in the diet of the poor, Egyptian authorities had resisted raising the price for three decades, which stood at just five piastres (about 0.1 cents at the current exchange rate). However, even constant IMF tranches and financial assistance from the Gulf monarchies failed to help Egypt avoid a deep economic crisis amid declining tourism revenues, a population explosion, and a high degree of dependence on external factors. Following the outbreak of the war in the Gaza Strip in October 2023, the economic situation was exacerbated by regular shelling of ships in the Red Sea by Yemeni Houthis, which led to a more than halving of Suez Canal revenues. According to Egyptian Foreign Minister Badr Abdel Ati, Egypt's total losses from shelling of ships in the Red Sea as of October 2025 amounted to $9 billion. Amid constant political and economic turmoil, the Egyptian pound was gradually devalued from 5.6 pounds per dollar in 2010 to 47 pounds per dollar by early 2026. At its peak, the US currency exceeded 50 pounds per dollar. The discovery of new large gas fields (particularly the Zohr field offshore the Mediterranean) allowed Egypt to increase its liquefied natural gas (LNG) imports to 3.5 million tons by 2019. However, amid a population explosion and growing local consumption, this positive effect quickly faded, and by 2023, Egypt had abandoned gas exports during the peak summer season and transitioned to a model that combines exports and imports depending on seasonality. In advance of peak consumption during the hot summer season, in early 2026, Egypt signed a memorandum of understanding to purchase 24 LNG cargoes from Qatar. Despite significant challenges, a significant influx of investment from Gulf countries (particularly the UAE and Saudi Arabia) is helping to keep the Egyptian economy afloat. Qatar has also steadily increased investment in the Egyptian economy in recent years. The main sources of income for the Egyptian economy are exports, tourism, the Suez Canal, and remittances from Egyptians abroad. According to the World Bank, Egypt consistently ranks among the top ten countries in the world by this last indicator. And according to the Central Bank of Egypt, in the first 11 months of 2025, Egyptians transferred $37.5 billion to their homeland, a 42.5% increase compared to the same period in 2024. According to the World Bank, Egypt has demonstrated steady economic growth year after year, measured by nominal GDP, which amounted to approximately $389 billion by the end of 2024. The country consistently ranks among the fifty largest economies in the world. Based on GDP at purchasing power parity (PPP), the picture looks even more optimistic — Egypt is among the world's twenty largest economies. However, constant natural population growth negates the potential positive impact of economic growth on well-being. Per capita GDP by the end of 2024 was only approximately $3,300 (158th place in the world). Social inequality remains a separate and acute socioeconomic challenge for Egypt. According to official data, 29% of Egyptians live below the poverty line. Meanwhile, according to the international consulting firm Henley & Partners, Egypt is home to 14,800 dollar millionaires, 49 individuals with a net worth exceeding $100 million, and 7 billionaires. Given the discrepancy between macroeconomic indicators and per capita well-being, demographics pose a distinct challenge for Egypt. Thus, Egypt's population grew from 91 million in 2011 to 118 million in 2025 (13th in the world and first among Arab countries), posing a serious challenge to social infrastructure, healthcare, education, and the labor market. However, according to the Ministry of Health, a slight slowdown in population growth and a decline in the fertility rate from 3.5 children per woman in 2014 to 2.41 in 2024 are expected recently. External challenges In terms of security, Egypt remains hostage to a number of destabilizing external factors, such as hotbeds of tension along virtually its entire border amid the de facto split of Libya and Sudan, as well as dubious prospects for sustainable peace in the Gaza Strip. In developing its foreign policy stance in the region, Egypt is forced to perform diplomatic feats, balancing its own interests with the often-conflicting interests of key partners in the Gulf and the United States. However, it should be acknowledged that Trump's ceasefire initiative in Gaza allowed Cairo to strengthen its status as a key mediator in the Middle East at the Sharm El Sheikh Peace Summit last November, where Trump, el-Sisi, Al Thani, and Erdogan signed a peace agreement on the Gaza Strip. A separate and serious external challenge for Egypt remains the Blue Nile Renaissance Dam, commissioned by Ethiopia, which threatens to deplete the country's water resources. However, abundant rainfall in Africa in recent years has mitigated this issue and even led to floods in Sudan in 2025. *** The main outcome of the 15 years since the Egyptian revolution of 2011 is the restoration of a political system in which the army and security forces act as the de facto guarantors of statehood. Egypt has demonstrated a high level of political resilience compared to other countries engulfed by the events of the Arab Spring, such as Libya, Syria, and Yemen. In the economic and security spheres, Egypt remains vulnerable to external factors that directly impact Suez Canal revenues, tourism, and foreign investment. Despite steady nominal GDP growth, the past 15 years have not led to an improvement in the overall well-being of the population. However, Egypt has succeeded in developing infrastructure and new cities, as well as in implementing major national projects such as the new administrative capital and the El Dabaa Nuclear Power Plant, which could become drivers of economic growth and further development in the medium term. The declining birth rate creates the preconditions for eliminating the imbalance in the ratio of the working-age to non-working-age population, which will also contribute to balanced growth in the long term. In the absence of major internal and external shocks, Egypt can be expected to enter a trajectory of sustainable growth and consolidate its status as a key political and economic player in the region. * The organization was recognized as terrorist in Russia by a decision of the Supreme Court.

Energy & Economics
The sharp rise in gold prices signals a strong bullish market trend.

The record gold price reflects a deeper problem than recent global instability

by Hafiz Muhammad Usman Rana

The price of gold has risen to over US$5,000 (£3,662) an ounce for the first time ever, after doubling in value over the course of a very strong 2025 for the precious metal. The usual explanation for such strong rises is that gold is considered a safe bet for investors when other options look a little shaky. High inflation for example, when cash quickly loses value, is often linked to gold price rises. Trade wars and actual wars usually have a similar effect. A common view then, is that gold performs well in moments of instability. But the research I was involved with suggests that gold prices are not simply a reaction to short-term economic events. Instead, they are a response to something deeper, reflecting an overall level of confidence in how economic systems are managed over time. During recent periods of sustained economic stability in the west, gold prices have remained largely flat. The steady growth, moderate inflation and predictable policy of the early 1990s and 2000s for example, were not good times for gold. And rather than responding to every economic peak or dip, the thing that really pushes gold prices up is instability in what’s known as “monetary credibility”. In other words, when there are doubts about whether central banks and governments will be able to maintain discipline over inflation, public debt and currency value over the coming decades. At times like this gold becomes more desirable. This helps explain why gold can continue to rise even as inflation falls, as has happened recently in several big economies, including the US and parts of Europe. And although recent weakness in the dollar and political uncertainty in the US have probably added momentum to gold’s rise, these factors amplify a deeper shift in confidence rather than explain it on their own. Our findings suggest that no single set of macroeconomic variables (like inflation, interest rates and stock prices) consistently explains gold prices across developed and emerging economies. They matter sometimes, but not always. So simple narratives (whether they’re about inflation, or trade wars or the weakening of the US dollar) are not enough to account for today’s gold market. Inflation alone cannot explain why gold prices remain elevated even as headline price pressures have eased. What gold tells us about the world There is more evidence for this in the fact that, according to the World Gold Council, central banks have been buying gold at the fastest pace in decades, particularly since 2022. This has continued even as inflation has fallen in many countries, again suggesting that these decisions are driven by longer term considerations rather than short term price movements. The decisions of central banks reflect concerns about resilience, diversification and trust. And to those banks, gold’s appeal lies squarely in the fact that it carries relatively little risk. It is not issued by a government like fiat currencies. It cannot be created at will like paper money. And it does not depend on the credibility of any single institution. So, in a world of high public debt, geopolitical fragmentation and increasing pressure on central bank independence, gold offers stability and insurance. And its price rises when confidence in the rules governing money becomes uncertain. That uncertainty can persist even when growth resumes or inflation falls. Seen in this light, gold’s recent surge does not signal a kneejerk panic or imminent collapse. Instead, it reflects a reassessment of long-term monetary confidence at a time when governments face difficult trade-offs between debt sustainability, political pressures and price stability. With its current high value, gold is not predicting a specific crisis. Nor does it provide a clear forecast for inflation. But it is revealing something important about the current moment. Markets appear less certain that the frameworks governing money, debt and policy will remain unchanged. That does not mean those systems have failed, but it does suggest their credibility is no longer taken for granted in the way it has been in the past. Gold does not predict the future. But it does offer a window into how confident markets are about the foundations of the world’s economics system.

Defense & Security

Understanding the Armenia-Azerbaijan conflict. For the first time in centuries, there are no Armenians left in Artsakh.

by World & New World Journal

1. Introduction to the conflict In the early 1920s Artsakh (Nagorno-Karabakh), where the overwhelming majority of the population consisted of indigenous Armenians, was annexed to the Azerbaijan SSR. This ultimately led to Artsakh attempting to unite with Armenia in the late 1980s as the Soviet Union began to collapse. The region's Armenian people, facing anti-Armenian pogroms in Azerbaijan, decisively voted to declare their independence from the country. This led to the outbreak of the First Nagorno-Karabakh War in 1988 between the majority ethnic Armenians of Nagorno-Karabakh backed by Armenia, and the Republic of Azerbaijan with support from Turkey. Following thousands of deaths and more than a million displaced people, the war ended in a ceasefire in 1994 with Turkey, a nation that still denies the Armenian Genocide, supporting Azerbaijan and Nagorno-Karabakh. Battles broke up again in 2016, and it concluded in a 44-day war in 2020 that led to Azerbaijan annexing a significant portion of the area along with seven neighboring districts. Figure 1: Nagorno-Karabakh on map. (Source: Wikimedia Commons) 2. Historical context Artsakh, in terms of geopolitics, has a long and complex history, dating several centuries back. Artsakh is celebrated for its strong Armenian cultural and religious identity. It has been a part of the Kingdom of Armenia since at least the 5th century BCE. Through several eras, including the semi-autonomous Armenian states, it remained an integral part of Armenian identity. Artsakh is directly related to Siunik and Utik, its bordering regions, linguistically and ethnographically. One of the earliest known Armenian dialects is the one spoken in Artsakh. In the 7th century AD, the grammarian Stephanos Siunetzi wrote the earliest account of it. (c. NKRUSA) In the early 1800s the Russian Empire annexed the Artsakh region which ended up bringing significant political and demographic changes. The term “Karabakh”, which is a Turkic version of the Persian name for the area, Bagh-e-Siah (meaning “Black Garden”), is frequently used to refer to Artsakh. This phrase is a portion of “Nagorno Karabakh”, which is a simplified version of the Soviet term “Autonomous Region of Mountainous [“Nagorniy” (Нагорный)] Karabakh,” which refers to the Armenian autonomy of Artsakh situated within the Soviet Republic of Azerbaijan of the USSR. (c. NKRUSA) This historical context is crucial in understanding the deep-seated nationalistic and cultural motivations behind the current conflict between Armenia and Azerbaijan over Nagorno-Karabakh. The ancient and medieval Armenian presence in Artsakh is central to Armenia's historical claim to the region. 3. Causes of the conflict How is the Armenian Genocide of 1915 tied to this conflict and how does it play into the mutual disdain between Armenians and Azerbaijanis to this day? The majority of Armenians worldwide are the great-grandchildren and grandchildren of those who survived the 1915 Genocide, and they are witnessing another instance of history as Turkey and Azerbaijan repeatedly massacre and drive out Armenians from regions where they have lived for thousands of years. Furthermore, there is a clear link between the Young Turks' swiftly assembled republic of Azerbaijan in 1918 and the Ottoman Empire of 1915, which sought to establish a presence in the Caucasus. The Young Turks advocated a pan-Turkic philosophy that aims to unite all Turkic peoples from Turkey to Kazakhstan via Azerbaijan, forming a large empire. The president of Turkey at the moment is pro Pan-Turkism. (c. Rajat Ghai, 2023) Perhaps one of the most disrespectful and heartbreaking evidences of the anti-Armenian narrative is the renaming of one of the streets in Stepanakert, the capital of Nagorno-Karabakh, in ‘honor’ of Enver Pasha, one of the main perpetrators of the Armenian Genocide, who was probably the most anti-Armenian official at the time. Following the 1917 Russian Revolution, the Democratic Republics of Armenia and Azerbaijan were established in 1918. The status of Nagorno-Karabakh (Artsakh) became a disputed territory, with claims from both Armenia and Azerbaijan. In 1923, following the formation of the Soviet Union, and Armenia-Azerbaijani wars over this disputed land, Joseph Stalin declared that Nagorno-Karabakh would become an autonomous region within the borders of Azerbaijan SSR. (c. Bulut, 2023). Despite being a part of Azerbaijan, the majority of the population and the cultural identity of the region remained Armenian. For decades, Azerbaijani forces have attempted to control Armenians and force them to recognize Azerbaijani sovereignty through massacres, blockades, and ultimatums. When the Armenians of Artsakh wanted to exercise their right to self-determination, they were confronted with pogroms in Azerbaijan that resulted in the cruel death of Armenians and the theft of their belongings. These pogroms had the intention of frightening Artsakh's Armenian population into leaving or submitting, despite the fact that they had lived there for centuries and had developed and continuously defended their national sovereignty, which was vital to Armenian history. “The first victims of Azerbaijan’s policy to suppress the will of the people of Artsakh were the Armenians of the Azerbaijani city of Sumgait located several hundred kilometers away from Artsakh.” (c. Bulut, 2023) As the Soviet Union started to fall apart in the late 1980s, tensions increased. Violent encounters between Armenians and Azerbaijanis resulted from the Armenian population of Nagorno-Karabakh's desire for unification with Armenia. 4. Conflict dynamics The first Nagorno-Karabakh War (1988–1994): After the USSR collapsed, Armenia and Azerbaijan launched a full-scale war over Nagorno-Karabakh. Armenia finally took control of Nagorno-Karabakh and a number of its neighboring areas by 1994. The area remained in a state of frozen war despite the establishment of a ceasefire but no peace treaty was signed. The second Nagorno-Karabakh War (2020): Six weeks of fighting ensued after reopening of hostilities in September 2020. Turkey and Israel provided major military assistance to Azerbaijan in order for it to retake control of portions of Nagorno-Karabakh and the surrounding areas. A ceasefire mediated by Russia brought the war to an end in November 2020, changing the map significantly and deploying Russian peacekeepers. Nevertheless, the military aggression by Azerbaijan on Armenians hasn't stopped. Azerbaijan and its ally, Turkey, started blockading Artsakh and its citizens (est. 130,000) in December 12, 2022. The Republic of Armenia's former human rights defender, Arman Tatoyan, reported that Artsakh had been without electricity since January 9. There hadn't been any gas since March 21 and no humanitarian help (including food) since June 15. (c. Bulut, 2023) This blockade persisted despite an internationally recognized court order from February 22, 2023, which guarantees the unhindered flow of people, cars, and goods along the Lachin Corridor in both directions, and lasted for 9 months. The forced displacement of Armeanians (2023): Over 100,000 ethnic Armenians left the Republic of Nagorno-Karabakh in the last few days of September 2023 and fled into neighboring Armenia. As has been well documented, the mass escape occurred as a result of Azerbaijan subjecting the Armenian population of Nagorno-Karabakh to a 24-hour period of intense bombing, preceded by a 10-month long blockade and forced starvation, all of which led to the authorities of Nagorno-Karabakh to surrender. Before the occupation, indigenous Armenians had lived in the Nagorno-Karabakh territory for millennia. It is currently estimated by the UN that there are only 50 Armenians remaining. To this day, hundreds of Armenian cultural sites throughout Artsakh are at the risk of being destroyed or appropriated now that Azerbaijan has complete control over Artsakh or Nagorno-Karabakh. Some have already been destroyed or are currently being ‘restored’, as the Azerbaijani government refers to the erasure of their Armenian identity. “Despite the scale and severity of the damages, the erasure of Armenian cultural patrimony by Azerbaijan remains woefully under-reported, in large part due to the regime’s crackdown on independent journalists.” (Nayyar, 2024) 5. Armenia’s main allies Russia The core of Armenia and Russia's military cooperation has been their membership in the Joint CIS Air Defense System and the same military alliance (CSTO). However, due to the continuous tensions between Putin and Pashinyan, Russia appeared to be hesitant to publicly help Armenia in the Second Nagorno-Karabakh War (2020). Criticism of CSTO membership grew within Armenian political circles when the CSTO mission chose a rather uncertain stance in the conflict. Armen Grigoryan, the secretary of the Security Council of Armenia, even stated that he no longer saw any hope for the CSTO. Pashinyan said that Russian peacekeepers sent to uphold the cease-fire agreement were not doing their duties. He also stated that Armenia is attempting to broaden its security partnerships. (c. France 24, 2026) Armenia has withdrawn from a regional security agreement with Russia, stating that Moscow failed to support it in its conflict with Azerbaijan. In recent years, Armenia has taken steps to strengthen ties with the US and the EU while suspending its membership in the Moscow-led Collective Security Treaty Organization. However, there are still strong cultural, linguistic, and economic links to Russia; as is the case with every other former Soviet country. Iran In September 2022, the Iranian foreign minister emphasized that the Iran-Armenia border must not change amid the recurring border tension between Azerbaijan and Armenia. In a meeting with Armenia's Prime Minister Nikol Pashinyan in May 2024, Iran's Supreme Leader Ali Khameri highlighted Iran's opposition to any border changes in the South Caucasus. After the conflict between Armenia and Azerbaijan in 2024, Armenia and Iran increased their military relations and discussed a potential $500 million arms deal. (c. Sayeh, 2025) 6. Azerbaijan’s main allies Turkey Azerbaijan's longtime ally Turkey sees Armenia as one of its primary regional enemies. That is evident in Turkish President Recep Tayyip Erdogan’s statement in 2023: “We support the steps taken by Azerbaijan – with whom we act together with the motto of one nation, two states – to defend its territorial integrity”. (c. Al Jazeera, 2023) In addition to military equipment, Turkish assistance takes the form of direct advisors, joint training, and perpetual diplomatic support. Turkey has previously supported Azerbaijan in all regional and global events. However, Turkey's position evolved to one that was more proactive, forceful, and involved by the beginning of the Second Karabakh War. (c. Villar, 2025) Israel Israel serves as Azerbaijan's primary supplier of advanced arms, including intelligence technologies, artillery systems, and Heron and Harop drones. These supplies were significant in the conflicts of 2016 and 2020, where Azerbaijani forces had technological advantage. In exchange, Israel receives intelligence cooperation regarding Iranian operations and general access to an area close to Iran. Additionally, about 40% of Israel's oil demands are met by hydrocarbons from Azerbaijan, making it an essential source for them. (c. Villar, 2025) Russia From 2022 to 2024, relations between Russia and Azerbaijan were at their strongest. The Declaration on Allied Interaction was signed in February 2022, which enhanced relations between both countries. Azerbaijan's president Ilham Aliyev realized that in order to accomplish Azerbaijan's regional goals of gaining control of Nagorno-Karabakh without the Russian peacekeepers and opening the so-called “Zangezur corridor”, he needed to improve ties with Russian President Vladimir Putin. Russia's recognition of Azerbaijan's territorial integrity was the most significant aspect of the Declaration for Baku. In 2024 Russian peacekeepers withdrew from Nagorno-Karabakh entirely. (c. APRI Armenia, 2025) 7. Iran’s concerns Iran's territorial integrity is threatened by the Turkish-Azerbaijani cooperation, according to Iran's political and military leaders. Citing remarks from Turkish and Azerbaijani officials as well as media that support the ‘liberation’ of so-called ‘Southern Azerbaijan’ – which refers to Iran's northwestern provinces with an Azerbaijani majority – the Iranian government has accused both countries of inciting “separatist movements” among Iran's Azerbaijani population. Iran's worries have been increased by what they call “historical distortion” in Azerbaijan's educational system, which promotes expansionist narratives to younger generations by speaking of a ‘Greater Azerbaijan’ that includes territory within Iran. (c. Villar, 2025) 8. EU’s response and involvement “I saw that governments would make grand statements about morality and do nothing. I saw that they would try to take advantage of the unrest in the Caucasus in order to further their own ideological agendas. I saw that it would be the people, my people, the Armenians of Artsakh, who would suffer.” (c. Arslan, 2023) While EU officials and lawmakers have expressed their ‘concerns’ and made vocal statements of sympathy with the people of Nagorno-Karabakh since December, none of the EU's member states or heads of state have attempted to advocate for involvement in Azerbaijan for the protection of the Nagorno-Karabakh population. According to French MEP François-Xavier Bellamy, the EU's decision on Nagorno-Karabakh is turning into a matter between the Parliament and the Commission. The Parliament has voted in favor of imposing sanctions on Azerbaijan, but the European Commission has chosen not to follow through. Ursula von der Leyen, President of the European Commission, traveled to the city of Azerbaijan in July 2022 to announce the deal doubling Azerbaijan's gas imports into the EU. She said that the European Union made the decision to loosen its ties with Russia in favor of more dependable, trustworthy allies like Azerbaijan. She stated: “The European Union is committed to a secure, stable and prosperous South Caucasus”. Azerbaijan has a history of war crimes, violations of human rights, and is ranked very low on freedom indexes. It is also the biggest destabilizer in the South Caucasus. “Azerbaijan exported more than €21bn of gas to countries in the EU between January 2022 and the end of November 2023, according to Eurostat data obtained by openDemocracy. Armenia’s Human Rights Ombudsman’s office made more than 130 public statements warning of threats to ethnic Armenians caused by Azerbaijani military actions in the 18 months before the MoU was signed. Estonian MEP Marina Kaljurand, who heads the Parliament’s delegation for relations with the South Caucasus, told openDemocracy that the commission had “traded EU values for gas”.” (c. Martirosyan & Sargsyan, 2024) The hypocrisy of the European Union is astounding, as they are well aware of the ethnic cleansing that Azerbaijan intends to inflict on Armenians of Nagorno-Karabakh. The idea that the European Union is in decline because of its disregard for morality comes from the EU's decision to support authoritarian governments, such as Azerbaijan and Israel, that are determined to erase Armenians and Palestinians rather than advancing peace and justice. 9. Consequences Although a wave of refugees from the Karabakh war in 2020 was taken in by Armenia, the problem is far more serious. Yerevan is facing pressure not only from its citizens, but also Karabakh Armenians who are unsure of their future and are pulling together the pieces of an integration plan. Azerbaijan had made it clear by openly announcing their intent to annex the Armenian region of Syunik in order to establish an oil pipeline that would link its borders with Turkey, furthering their century-long plan of pan-Turkism. Anti-armenian sentiment has grown into a dominant ideology in Azerbaijan. It rejects any and all claims made by other ethnic groups and civilizations to their territories. It ignores the facts of history. Yerevan, the capital of Armenia, is frequently referred to as an Azerbaijani city by Azerbaijani academics and media. “Baku might want to capitalize on the depopulating of Nagorno-Karabakh with a swift military movement across Armenian territory to control access to Nakhchivan, an exclave region of Azerbaijan bordering Iran. But now that Armenia is poised to join the ICC, Azerbaijan’s political and military leaders would likely risk investigation by the ICC prosecutor of the crime of aggression. That may explain the Armenian Parliament’s rapid move to ratify the Rome Statute – to address not only the fate of ethnic Armenians but to deter any Azerbaijani aggression across its territory.” (c. Scheffer, 2023) 10. The Peace Deal and current situation Under US guidance, Azerbaijan and Armenia signed a peace deal in the beginning of August 2025. The White House declared it historic, and Western media quickly reported that a decades-long dispute had finally been resolved as a result of U.S. President Donald Trump's intervention. But is that really the truth? The United States' involvement in the proposed Zangezur corridor has been criticized by Iran and Russia as an incursion. The peace agreement's failure to address the right of return for former ethnic Armenians who fled Nagorno-Karabakh due to Azerbaijan's nine-month military siege and offensive has also drawn criticism from observers. While the agreement secures the road linking Armenia and the Nagorno-Karabakh region, it is crucial to note that it gives the United States the right to manage and develop the corridor for 99 years. The US would sublease the property to a consortium that would build rail, oil, gas, and fiber optic lines in addition to potentially transmitting electricity along the 43km corridor. This further proves that the true intention behind this initiative was to gain more control by reducing the influence of Russia and Iran in the region. After the parties decided on the agreement form, Azerbaijan stated that before Armenia would sign, it needed to meet two additional demands. First: Baku wanted the two nations to jointly petition the OSCE to abolish the Minsk Group. The issue over “Nagorno-Karabakh”, which Baku interprets as the period of Armenian control, is the focus of the Minsk Group's 1995 mission, which Azerbaijan finds objectionable. The two signed a letter requesting that the OSCE shut down the Minsk Group, fulfilling that demand. The second one was far more concerning, which is Azerbaijan's demand that Armenia change its constitution. Officials from Azerbaijan say they want peace, but only if Armenia gives up its territorial claims. They reject claims that the demand for a constitutional change is unreasonable. The power ultimately stays with Azerbaijan once again. The executive director of the Armenian National Committee of America, Aram Hamparian, stated that “normalizing ethnic cleansing is not peace” and believed that the agreement was based on the erasure of Nagorno-Karabakh, the abandonment of holy sites, the disregard for hostages, and the strengthening of Azerbaijani occupation. The signing of the peace deal left the majority of Armenians in dismay. The general consensus is that the Armenian PM Nikol Pashinyan has betrayed the people of Armenia and Artsakh, and that there should be no peace without justice. 11. Conclusion Peace does not always mean that there is no military conflicts. Aliyev hasn't completely stopped using hostile language toward Armenia. Azerbaijani leaders are emphasizing more and more that the war has ended. However, the president enthusiastically promoted the idea of “Western Azerbaijan” at a speech he gave in November. The normalization effort continues amid the fact that state media and elites, including Aliyev, continue to use anti-Armenian rhetoric for home audiences. Approximately 200 square kilometers of internationally recognized Armenian land are still occupied by Azerbaijan, which they acquired during their offensives in 2022. It is essential for Armenia's future administration to seek justice. In order to foster lasting peace, the first step is recognizing history. The fact that even Adolf Hitler admitted the massacre in 1939 makes the demand for greater acknowledgment all the more urgent. The Armenian Genocide served as a model for what he was about to achieve in Poland: “I have placed my death-head formations in readiness – for the present only in the East – with orders to them to send to death mercilessly and without compassion, men, women, and children of Polish derivation and language. Only thus shall we gain the living space (lebensraum) which we need. Who, after all, speaks today of the annihilation of the Armenians?” Polish-Jewish lawyer Raphael Lemkin coined the term “genocide” in 1943-1944 to refer to the deliberate annihilation of peoples. After hearing about the trial of Soghomon Tehlirian in 1921, who killed a major perpetrator of the Armenian Genocide, he started studying mass exterminations. The term was developed to describe the mass atrocities against Armenians in order to define the Holocaust. The word itself would not exist without the Armenian Genocide, and yet, it is officially recognized by just 35 nations. Not enough people are prepared to stand up for victims and potential victims; too many would be happy to complete what was begun in the 1910s and ignore the Armenian people in the name of Turkish nationalism. If there is another threat of genocidal intent against Armenia and its people, we cannot and we must not turn a blind eye. Acknowledgements: This article would not have been possible without the guidance and encouragement of prof. Catherine Gallagher, as well as the continuous support of Aloui Nazek Elmalaika. References N/D, N. (n.d.). Nagorno Karabakh (artsakh): Historical and geographical perspectives. Nagorno Karabakh (Artsakh): Historical and Geographical Perspectives. http://www.nkrusa.org/country_profile/history.shtml Bulut, U. (2023, August 2). Armenians of Artsakh: An indigenous nation targeted by genocidal regional powers. Modern Diplomacy. https://moderndiplomacy.eu/2023/08/03/armenians-of-artsakh-an-indigenous-nation-targeted-by-genocidal-regional-powers/ Nayyar, R. (2024, June 6). Azerbaijan’s destruction of Armenian heritage in Artsakh continues unabated. Hyperallergic. https://hyperallergic.com/920367/azerbaijan-destruction-of-armenian-heritage-in-artsakh-continues-unabated/ Ghai, R. (2023, October 7). Nagorno-Karabakh brings back painful memories of 1915 for Armenians globally: Avedis Hadjian. Down To Earth. https://www.downtoearth.org.in/interviews/governance/nagorno-karabakh-brings-back-painful-memories-of-1915-for-armenians-globally-avedis-hadjian-92178 Klonowiecka-Milart, A., & Paylan, S. (2023, October 31). Forced displacement of Armenians from Nagorno-Karabakh: A response. Opinio Juris. https://opiniojuris.org/2023/11/06/forced-displacement-of-armenians-from-nagorno-karabakh-a-response/ Vartanian, V. (2023, August 21). EU hypocrisy on Azerbaijan deafening - the Armenian mirror. Spectator. https://mirrorspectator.com/2023/08/19/eu-hypocrisy-on-azerbaijan-deafening/ Martirosyan, L., & Sargsyan, S. (2024, January 30). EU & Azerbaijan: Business as usual amid “ethnic cleansing.” openDemocracy. https://www.opendemocracy.net/en/eu-armenia-refugee-war-azerbaijan-gas-energy-russia-security-rights/ Arslan, A. (2023, November 20). Europe has failed Armenia: Antonia Arslan. First Things. https://www.firstthings.com/web-exclusives/2023/11/europe-has-failed-armenia Scheffer, D. J. (2023, October 4). Ethnic cleansing is happening in Nagorno-Karabakh. How can the world respond?. Council on Foreign Relations. https://www.cfr.org/article/ethnic-cleansing-happening-nagorno-karabakh-how-can-world-respond Meduza. (2025b, August 11). The deal that wasn’t. Meduza. https://meduza.io/en/feature/2025/08/11/the-deal-that-wasn-t Ishaan Tharoor. (2025, August 8). Before Gaza’s woe, there was Nagorno-Karabakh. The Washington Post. https://www.washingtonpost.com/world/2025/08/08/gaza-israel-trump-nagorno-karabakh-peace/ Xarici İşlər Nazirliyi | XİN. (n.d.). Xarici Islər Nazirliyi | XİN. https://mfa.gov.az/en/category/regional-organisations/relations-between-azerbaijan-and-european-union Villar, X. (2025, December 14). The strategic triangle: Azerbaijan, Israel and Turkey in the new Caucasus order. The Armenian Weekly. https://armenianweekly.com/2025/12/14/the-strategic-triangle-azerbaijan-israel-and-turkey-in-the-new-caucasus-order/ CPC | Between Ankara and Jerusalem: Strategic dynamics among Azerbaijan, Türkiye, and Israel. (n.d.). Caspian Policy Center. https://www.caspianpolicy.org/research/security/between-ankara-and-jerusalem-strategic-dynamics-among-azerbaijan-turkiye-and-israel APRI Armenia. (2025, November 3). Azerbaijan’s Calculated Confrontation with Russia: From Tension to Advantage - APRI Armenia | Applied Policy. APRI Armenia | Applied Policy Research Institute of Armenia. https://apri.institute/azerbaijans-calculated-confrontation-with-russia-from-tension-to-advantage/ 24, France. (6 Feb. 2026,) “Diplomatic Shift and Elections See Armenia Battle Russian Disinformation.” France 24, FRANCE 24 www.france24.com/en/live-news/20260206-diplomatic-shift-and-elections-see-armenia-battle-russian-disinformation News.am. (14 Sept. 2022), “Iranian Foreign Minister: Iran-Armenia Border Must Remain Unchanged.” news.am/eng/news/720233.html Sayeh, J. (2025, April 11). Iranian and Armenian militaries drill as Azerbaijan hosts Israel-Turkey talks. FDD’s Long War Journal. https://www.longwarjournal.org/archives/2025/04/iranian-and-armenian-militaries-drill-as-azerbaijan-hosts-israel-turkey-talks.php N/D. Special, exceptional, and privileged : Azerbaijani-Turkish Relations. (n.d.). Baku Dialogues Journal. https://bakudialogues.idd.az/articles/special-exceptional-and-privileged-12-12-2020 AFP. (2023, September 20). Turkey supports ‘steps taken by Azerbaijan’ in Nagorno-Karabakh: Erdogan. Al Jazeera. https://www.aljazeera.com/news/2023/9/20/turkey-supports-steps-taken-by-azerbaijan-in-nagorno-karabakh-erdogan N/D (2023b, September 20). World reacts amid Azerbaijan-Armenia tensions over Nagorno-Karabakh attack. Al Jazeera. https://www.aljazeera.com/news/2023/9/19/world-reacts-as-azerbaijan-launches-attack-in-nagorno-karabakh Castillo, N. (2026, February 10). For Armenia, peace dividends are finally starting to show up. In 2026, they need to keep coming. New Eastern Europe. https://neweasterneurope.eu/2026/02/10/for-armenia-peace-dividends-are-finally-starting-to-show-up-in-2026-they-need-to-keep-coming/

Energy & Economics
INSTC, International North–South Transport Corridor, political map. Network for moving freight, with Moscow as north end and Mumbai as south end, replacing the standard route across Mediterranean Sea.

International North-South Transport Corridor: Geopolitical Implications and the Future of European Trade

by Krzysztof Sliwinski

Abstract The International North–South Transport Corridor (INSTC) is a 7,200-kilometre multi-modal network connecting India, Iran, Azerbaijan, Russia, Central Asia, and Europe, offering a shorter and cost-effective alternative to the Suez Canal. Established in 2000 and expanding with key infrastructure projects like the Rasht-Astara railway, the corridor aims to boost trade volumes significantly by 2030, facilitating faster, cheaper freight movement and enhancing Eurasian integration. Russia and Iran’s collaboration is central, enabling a sanctions-resilient trade route that counters Western dominance and supports economic growth in transit countries. The INSTC also offers environmental benefits, with lower greenhouse gas emissions compared to deep-sea shipping. Strategically, it diversifies Russia’s transport links, reduces dependency on vulnerable Western routes, and strengthens geopolitical ties within the BRICS framework. However, challenges such as infrastructure gaps, sanctions, and regional conflicts persist. For the EU, INSTC presents both opportunities for cheaper trade and risks to its geopolitical influence, necessitating strategic responses to maintain Eurasian connectivity and sanctions effectiveness. Key Words: International Trade, North, South, Europe, geopolitics Introduction The International North–South Transport Corridor (INSTC) is a 7,200-kilometre multi-modal transportation network involving ships, railways, and roads designed to facilitate freight movement between India, Iran, Azerbaijan, Russia, Central Asia, and Europe.[1] Established in September 2000 under an agreement signed in St. Petersburg by India, Iran, and Russia, the corridor has since expanded to include additional members, including Belarus, Azerbaijan and several Central Asian countries. [2] Its primary aim is to enhance trade connectivity by linking major cities such as Mumbai, Tehran, Baku, and Moscow, and beyond, offering a shorter and more cost-effective alternative to traditional routes, including the Suez Canal. [3] Source: https://www.geopoliticalmonitor.com/geopolitics-of-the-international-north-south-transport-corridor-instc/ In 2025, container traffic along the eastern route (via Kazakhstan and Turkmenistan) nearly doubled, supported by discounts of 15 - 80% on shipments, which have been extended through 2026. [4] A milestone occurred in November 2025 when a cargo train from north of Moscow delivered 62 containers to Iran via Central Asia, highlighting the route's viability for India-Central Asia trade. [5] Overall, INSTC freight volumes reached 26.9 million tons in 2024 (19% up from prior years), with rail handling over 12.9 million tons, and projections aim for 15 million tons annually by 2027. [6] The INSTC operates through several interconnected paths. Western Route: from India via sea to Iran's Bandar Abbas port, then by road or rail northward through Iran to Azerbaijan, and onward to Russia. Central Route: involves transit across the Caspian Sea from Iranian ports like Bandar Anzali to Russian ports such as Astrakhan. Eastern Route: connects via Kazakhstan and Turkmenistan for land-based links to Russia. This setup allows for efficient cargo transit, with railways playing a crucial role, including ongoing projects like the Rasht-Astara railway in Iran, to fully connect the network. [7] Suez and its geopolitical importance The Suez Canal stands as one of the world's most strategically vital maritime chokepoints, connecting the Mediterranean Sea to the Red Sea and serving as a critical artery for global trade and energy security. Since its opening in 1869, the Suez Canal has fundamentally transformed global maritime trade patterns and geopolitical relationships. The canal provides the shortest maritime route between Europe and Asia, eliminating the need for the lengthy circumnavigation of Africa via the Cape of Good Hope. This strategic positioning has made the canal a focal point of international competition and a critical infrastructure asset whose security is of profound importance to the global economy. [8] The Suez Canal's economic importance cannot be overstated. The waterway attracts approximately 12 - 15% of worldwide trade and about 30% of global container traffic, with more than $1 trillion in goods transiting annually. An average of fifty to sixty ships transit the canal daily, carrying an estimated $3 billion to $9 billion in cargo value. [9] This concentration of trade flow makes the canal a critical node in global supply chains, particularly for trade between Asia and Europe.[10] The canal's strategic role extends beyond general cargo. It handles roughly 9% of global seaborne oil flows (approximately 9.2 million barrels per day) and around 8% of liquefied natural gas volumes. [11] his energy dimension amplifies the canal's geopolitical significance, as disruptions can directly impact global energy markets and prices. [12] The 2021 blockage of the Suez Canal by the Ever Given container ship demonstrated the canal's vulnerability, disrupting global supply chains and highlighting the systemic risks posed by maritime chokepoints. [13] The Suez Canal has long been recognised as a strategic asset of paramount importance. Historical analysis reveals that control of the canal has been central to imperial and regional power projection, particularly during the British Empire's dominance, when the canal was viewed as the "jugular vein of empire". [14] The canal's strategic value was dramatically illustrated during the 1956 Suez Crisis and its closure from 1967 to 1975, events that reshaped regional geopolitics and demonstrated how canal access could be weaponized. [15] Contemporary security challenges continue to underscore the canal's strategic vulnerability. Recent geopolitical threats in the Red Sea, including attacks on commercial shipping, have raised concerns about the canal's security and the potential for regional conflicts to disrupt global trade. [16] These hybrid threats demonstrate how the canal remains a potential flashpoint where regional instability can have worldwide economic consequences. [17] In brief, for the time being, the Suez Canal remains an indispensable component of global maritime infrastructure, whose geopolitical significance extends far beyond its physical dimensions. Its role in facilitating international trade, energy transportation, and strategic mobility ensures that the canal's security and accessibility remain matters of vital international interest. As global trade patterns evolve and new challenges emerge, the canal's strategic importance continues to shape relationships among nations and influence the calculus of regional and global powers. Iran-Russia Collaboration. Can INSTC be a viable alternative to the Suez Canal? In December 2025, Iranian and Russian officials met in Tehran to expedite the corridor, focusing on removing administrative barriers and finalising legal frameworks. Key projects include the Rasht-Astara railway (expected completion by mid-2026) and upgrades to Iranian ports, such as Bandar Abbas. [18] Russia and Iran's collaboration is central to operationalising the INSTC, involving joint infrastructure development, financial investments, and policy coordination to address connectivity gaps. [19] It is against this backdrop that Russia has funded the 162-kilometre Rasht-Astara railway in Iran (with a 1.3 billion euro loan, targeted for completion by 2027), which resolves a critical missing link in the western route by connecting Azerbaijan's rail network to Iran's, enabling seamless transit from the Caspian Sea to the Persian Gulf. [20] Iran, in turn, has upgraded ports like Bandar Abbas and Chabahar (the latter through a 10-year agreement with India signed in May 2024, involving $2.1 billion in investments to expand capacity to 8.5 million tonnes), while Russia has modernised Caspian ports such as Astrakhan and Olya, along with highways like the M6 Caspian and M29 Caucasus. These investments — estimated at 35% of total corridor funding from Russia and 34% from Iran — focus on railway electrification, port expansions, and digital tools such as electronic waybills to streamline border procedures, thereby reducing export times and costs, which are currently 5 - 7 times higher than EU averages. Bilateral agreements, such as the 1992 Russia-Iran transport pact and recent multimodal logistics deals (e.g., between Russian Railways and India's CONCOR for coal shipments via INSTC in June 2024), further support asymmetric trade flows, with north-to-south machinery and chemicals dominating from Russia, and south-to-north foodstuffs from Iran. In terms of international trade, this partnership enhances the INSTC's viability by boosting freight potential to 14.6 - 24.7 million tonnes annually by 2030 (including 5.9 - 11.9 million tonnes containerised, or 325 - 662 thousand TEU), with grains accounting for 8.7 - 12.8 million tonnes primarily via the eastern route through Kazakhstan and Turkmenistan. For India, the corridor unlocks untapped export opportunities worth up to $180 billion (nine times current levels) to Russia and Central Asia, while Russia's pivot to southern markets (Gulf, India, Africa) has seen bilateral trade with India surge to over $30 billion in 2022, driven by hydrocarbons. Iran's role as a transit hub could generate transit revenues exceeding oil income, potentially increasing 20-fold from $1 billion to support economic growth amid high inflation (54.6% in 2023) and unemployment (9.7%). Synergies with other corridors like the Baku-Tbilisi-Kars (BTK) and Central Asia Regional Economic Cooperation (CAREC) add 127 - 246 thousand TEU in traffic, fostering Eurasian integration. Geopolitically, Russia-Iran ties make the INSTC a tool to counter Western domination by creating a sanctions-resilient route that avoids U.S.-influenced waterways, especially amid the Ukraine conflict and U.S. sanctions on both nations. This "pivot to the South" by Russia and Iran, and their positioning as a Eurasian bridge, reduce dependence on the Suez Canal, which handles vulnerable global trade, and promote diversified connectivity outside Western frameworks such as TRACECA. Challenges persist, including infrastructure overloads (e.g., 8.8 million tons transported in 2022 despite capacity constraints), uncoordinated policies, gauge differences and sanctions that affect insurance and port access, though exemptions for Chabahar help mitigate these. Overall, the collaboration not only addresses these hurdles through targeted investments and digital harmonisation but also positions the INSTC as a sustainable alternative, with environmental benefits such as 25% lower GHG emissions from rail shifts, comparable to those of deep-sea shipping. How does INSTC serve Russian security interests? In a recent analysis of the subject, Prokhor Tebin offers relevant observations examining the strategic importance of the INSTC within the framework of Russian national security amid intensifying great-power competition. The author argues that Russia’s security and economic resilience depend on developing a cohesive Eurasian transport network through a ‘whole-of-government’ approach that integrates various ministries, regional authorities, and foreign partners. This network includes robust domestic infrastructure and diversified international corridors, with the INSTC being a key route linking Russia to the South Caucasus, Central Asia, and Iran. [21] According to Tebin, Russian national security is defined broadly, encompassing socio-economic development alongside defence. Robust transport infrastructure is vital for economic security, military mobilisation, and rapid crisis response, especially given Russia’s diminished strategic depth and growing threats on multiple borders, including NATO expansion to the west and instability in the south. Against this backdrop, the current overreliance on vulnerable Western transport arteries (the Baltic and Black Seas) underscores the need for alternative routes, such as the INSTC and the Northern Sea Route, to ensure resilience against potential blockades. Furthermore, Tebin stresses the importance of a networked transport system rather than isolated corridors, advocating for coordination via an interdepartmental group to optimise resource allocation and strategic prioritisation. While alternative regional projects exist, such as the Zangezur Corridor and Trans-Caspian routes, Russia should not oppose them outright but seek to enhance its own projects’ competitiveness and foster regional stability, as stable neighbours contribute to Russian security. Iran’s role in the INSTC is pivotal due to its geographic position and economic potential. Supporting Iran’s stability through the corridor reduces regional risks like mass migration and terrorism. The corridor also provides Russia with critical connectivity to the Global South and lessens dependency on NATO-controlled maritime routes. Ultimately, the INSTC, though currently limited in cargo volume, is strategically crucial for diversifying Russia’s transport links, enhancing military and economic security, and fostering Eurasian integration in a complex geopolitical environment characterised by long-term great-power rivalry. Other authors, Vinokurov, Ahunbaev and Zaboev stress the strategic importance and development potential of the INSTC, a multimodal transport network connecting northwestern Europe and the Nordic countries with Central Asia, the Persian Gulf, and South Asia. Accordingly, INSTC serves as a crucial alternative to traditional east-west routes by offering faster delivery times, supporting Eurasian economic integration, and enhancing connectivity for landlocked countries in the Eurasian Economic Union (EAEU), four of whose five members are landlocked. The above-mentioned authors estimate that by 2030, the aggregate freight traffic on the INSTC, including containerised and non-containerised goods, could reach 15 – 25 million tonnes, with container traffic potentially increasing twentyfold. The main commodities transported include food products, metals, machinery, textiles, and grain — the latter being the major non-containerised cargo. The corridor’s rail-based transport offers environmental advantages over road and air freight, emitting significantly fewer greenhouse gases. Despite its potential, INSTC faces several challenges: uncoordinated transport policies among member states, international sanctions (notably on Iran), infrastructure bottlenecks, legal and regulatory inconsistencies, border-crossing delays, and differing railway gauges. Overcoming these issues requires improved coordination, infrastructure investments, digitalisation, and streamlined customs and tariff policies. To sum up, fully operationalising the INSTC would transform it from a mere transport corridor into an economic development corridor, fostering regional connectivity, trade expansion, and sustainable growth across Eurasia. It would also help convert landlocked countries into “land-linked” ones, boosting their economic prospects and integrating them into global value chains. Consequently, it raises questions about the future of the EU as a geopolitical actor within the broader West-BRICS context. Possible consequences for the EU Geoeconomically, INSTC could have significant consequences, centred on trade diversion and supply-chain shifts. The corridor promises 30 – 40% reductions in transit time (e.g., 23 days versus 45 – 60 days via Suez) and costs, enabling faster India–Europe flows of pharmaceuticals, textiles, and machinery, as well as Russian energy and agricultural exports to South Asia. [22] Post-2022 Ukraine invasion, volumes have grown amid Russia’s pivot from European markets, with India–Russia trade surging to around US$50 billion. For the EU, this creates dual pressures: potential cost savings for importers accessing Indian goods or Central Asian resources, yet practical barriers from EU and US sanctions on Russia and Iran, which restrict participation and financing. EU ports and logistics hubs (e.g., Rotterdam) risk losing transit volumes as cargo reroutes through sanctioned territories, while the corridor competes with EU-supported alternatives like the Trans-Caspian Middle Corridor. [23] The EU’s Global Gateway strategy (€300 billion investment framework) explicitly promotes diversified, sustainable connectivity, allocating funds to bypass Russia - and Iran-dependent routes. Cargo between the EU and India is projected to double by 2032 under the prospective FTA, underscoring the need for reliable non-INSTC pathways. Overall, the INSTC accelerates Eurasian trade reorientation away from Western-dominated chokepoints, modestly eroding EU leverage in global logistics while exposing vulnerabilities to disruptions in sanctioned segments. [24] Geopolitically, the INSTC bolsters a Russia–Iran–India axis within BRICS, serving as a sanctions-circumvention tool that undermines the effectiveness of Western measures. By enabling Russia to monetise its geography for access to the Global South and Iran to gain transit rents, it advances multipolar narratives that challenge EU influence in the Caucasus, Central Asia, and the Persian Gulf. [25] For Europe, this reduces coercive leverage over Moscow — previously derived from transit dependence — and fragments the rules-based order the EU champions. It also counters EU efforts to deepen ties with India via transparent initiatives like IMEC, potentially tilting New Delhi’s connectivity choices toward sanctioned partners. Challenges include infrastructure gaps (e.g., rail gauge mismatches, Iranian sanctions-induced delays) and regional conflicts (Armenia – Azerbaijan), limiting scalability. Yet momentum persists through bilateral deals, such as Azerbaijan’s financing for Iran’s Rasht–Astara railway. [26] In conclusion, the INSTC presents the EU with limited opportunities for cheaper diversified trade but primarily poses geoeconomic risks of route competition and geopolitical challenges to sanctions efficacy and Eurasian influence. To mitigate, the EU should probably accelerate Global Gateway investments in the Middle Corridor and IMEC, harmonise sanctions enforcement, and engage India on value-aligned connectivity. Failure to do so could accelerate a shift toward BRICS-led corridors, diminishing the EU’s role in shaping 21st-century Eurasian trade architecture. References [1] International North–South Transport Corridor. (n.d.). Wikipedia. Retrieved October 2, 2026, from https://en.wikipedia.org/wiki/International_North%E2%80%93South_Transport_Corridor [2] Cross-border Infrastructure International North-South Transport Corridor (INSTC). (n.d.). Asia Regional Integration Center. 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