India and Russia are forging ahead with a planned rail link that transits through Iran. This follows a service agreement between Concor and RZD Logistics JSC (a subsidiary of Russian Railways) to transport cargo between India and Russia, using a single invoice. The two entities had signed an MoU last year to this effect. The move will benefit exporters and importers between India and Russia by lowering transit time and cost of transportation compared to existing transportation via the Suez Canal.