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

August 4, 2022

© Andrei Stepanov / Adobe Stock
© Andrei Stepanov / Adobe Stock

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)

Logistics News

Stephanie Dominguez Walton Elected as Board President for Port of Oakland

Stephanie Dominguez Walton Elected as Board President for Port of Oakland

Thyssenkrupp Steel Suspend Barges Due to Low Rhine Levels

Thyssenkrupp Steel Suspend Barges Due to Low Rhine Levels

Douala Port Resumes Operations After Cargo Vessels Collide

Douala Port Resumes Operations After Cargo Vessels Collide

Cavotec to Retrofit Container Vessels for Shore Power

Cavotec to Retrofit Container Vessels for Shore Power

Subscribe for Maritime Logistics Professional E‑News

Hapag-Lloyd: Hormuz freight fee is 'fundamentally incorrect'
Travel restrictions tightened as Ebola threat rises
Firefighters fight Fontainebleau forest blaze near Paris as two are arrested