Economy India-Iran-Russia resume talks on activating key trade corridor Updated : April 07, 2018 02:40 PM IST India, Iran and Russia have resumed talks on activating the International North South Transport Corridor which will cut freight time to Europe by half and bring down the cost. The current shipment through Suez Canal route involves a longer distance, and is expensive as well as congested. In 2014, the Federation of Freight Forwarders Association of India had a dry run on the INSTC. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.