Putin Wants Northern Sea Route Hubs

April 9, 2019

(Photo: SCF Group)
(Photo: SCF Group)

Russian President Vladimir Putin on Tuesday invited foreign investors to take part in the construction of port infrastructure in Murmansk and Petropavlovsk-Kamchatsky that would serve the Northern Sea Route.

Speaking at an Arctic forum in the Russian city of St Petersburg, Putin also asked the government to draw up plans for tax relief that would promote the development of the Arctic region.

"We invite our foreign partners to joint work to create port hubs at the end points of the (Northern Sea) route," Putin said.


(Reporting by Vladimir Soldatkin and Gleb Stolyarov; Writing by Tom Balmforth; editing by Maria Kiselyova)

Logistics News

GCMD, CIMAC Partner to Support Maritime's Alternative Fuel Readiness

GCMD, CIMAC Partner to Support Maritime's Alternative Fuel Readiness

U.S.-India Trade Pact Could Cut Russian Oil Exports 25%

U.S.-India Trade Pact Could Cut Russian Oil Exports 25%

LNG Shipping’s Long-Term Outlook Remains Positive

LNG Shipping’s Long-Term Outlook Remains Positive

Soybeans, Wheat, Corn Futures Drop As Broad Commodities Slump

Soybeans, Wheat, Corn Futures Drop As Broad Commodities Slump

Subscribe for Maritime Logistics Professional E‑News

UK investor signs $400 Million Power Deals on Foreign Minister's Ethiopia Visit
Russian captain found guilty of crew member's death after US tanker crash
Video shows that IS militants with guns roamed the airport tarmac freely during Niger attack