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

DP World to Build Two Container Terminals On UAE's East Coast

DP World to Build Two Container Terminals On UAE's East Coast

Maersk Pauses Service via Chornomorsk Amidst Intensified Russian Attacks

Maersk Pauses Service via Chornomorsk Amidst Intensified Russian Attacks

Inland Tank-Barge Safety Guide Updated

Inland Tank-Barge Safety Guide Updated

BY THE NUMBERS: Copper is Cargo Theft King

BY THE NUMBERS: Copper is Cargo Theft King

Subscribe for Maritime Logistics Professional E‑News

QatarEnergy extends LNG Force Majeure and charters out tankers until October, sources claim
EIA data show that the US demand for jet fuel reached a record high last week due to the Soccer World Cup.
Indian billionaire Adani considering starting an airline, sources say