marine link image
Register now for the Port of the Future Conference • 2 Days, 50 Ports • Houston/Galveston area, TX • April 12–14, 2027

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

Höegh Evi, PETROS to Develop Kuching LNG Terminal in Malaysia

Höegh Evi, PETROS to Develop Kuching LNG Terminal in Malaysia

Richard Hendrick Elected as American Association of Port Authorities Chairman

Richard Hendrick Elected as American Association of Port Authorities Chairman

As Interferry turns 50, the Ferry Industry Navigates Change, Again

As Interferry turns 50, the Ferry Industry Navigates Change, Again

Sovecon Cuts Russian Grain Forecast Amidst Black Sea Disruptions

Sovecon Cuts Russian Grain Forecast Amidst Black Sea Disruptions

Subscribe for Maritime Logistics Professional E‑News

Alaska Air expects certification of the Boeing 737 MAX 10 by end-September
Hope fading for new Boeing deal during US-China summit, sources say
Wall Street Journal, September 24,