European Road Network Completely Cut From Russian Route Maps
Istanbul connectivity the new Russia-EU transit hub
By Chris Devonshire-Ellis
European road connectivity has been completely cut from Russian GPS maps in an illustration of how serious Moscow views the EU’s perspective of the Ukraine conflict, and further evidence that Russia views the EU import and export markets as ‘dead.’
This of course has significant and long-term implications for all EU businesses conducting trade with Russia and vice-versa, and has made Istanbul (shown as a red dot) the new central point for EU-Russian trade. It is also the nearest and fastest access point between Russia and Europe. It is a 3.5 hour flight between Moscow and Istanbul, coupled with the required connecting flights between Istanbul and all European destinations.
2021 EU-Russia bilateral trade had reached €257.5 billion, with nearly all of that now looking to be sourced from new routes. Dezan Shira & Associates Chairman, Chris Devonshire-Ellis, is currently in Turkiye looking at facilitation opportunities.
Chris Devonshire-Ellis in Istanbul: Looking for new ways to reconnect Europe and Asia.
There are opportunities in Istanbul for Turkish trade facilitators to service these markets, while both Russian and European traders interested in each other’s markets may wish to consider Istanbul as a mutual trade and parallel import hub. Dezan Shira & Associates has a partner firm in Istanbul who can assist and is in the process of establishing its own entity in the city. Please contact: asia@dezshira.com
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About Us
During these uncertain times, we must stress that our firm does not approve of the Ukraine conflict. We do not entertain business with sanctioned Russian companies or individuals. However, we are well aware of the new emerging supply chains, can advise on strategic analysis and new logistics corridors, and may assist in non-sanctioned areas. We can help, for example, Russian companies develop operations throughout Asia, including banking advisory services, and trade compliance issues, and have done since 1992.
We also provide financial and sanctions compliance services to foreign companies wishing to access Russia. Additionally, we offer market research and advisory services to foreign exporters interested in accessing Russia as the economy looks to replace Western-sourced products. For assistance, please email russia@dezshira.com or visit www.dezshira.com
