Russia to Spend $30 Billion on Northern Sea Route by 2035

Thursday, August 4, 2022

Russia is to spend almost 1.8 trillion roubles ($30 billion) on the Northern Sea Route development project up to 2035, according to a document uploaded to the government's website.

The document said the sea route, which is being facilitated by reduced sea ice as a result of climate change, is "a very important transport corridor, of both national and global significance".


(Reuters - Reporting by Reuters; Editing by Alison Williams)

Categories: Arctic

Related Stories

Cocoa Prices Jump as Ivorian Port Arrivals Crawl

CMA CGM Vessels Navigate the Suez Canal, Hinting at Easing Tensions

Oil Loading in Venezuela Crawls After New US Interceptions

Current News

Russia Attacks Damage Ukrainan Civilian Ship, Black Sea Port Facilities

Cocoa Prices Jump as Ivorian Port Arrivals Crawl

d’AMICO Orders Pair of Eco Design Vessels

Great Ships of 2025: Frederick Paup

Subscribe for Maritime Logistics Professional E‑News