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

EU Wheat Prices Drop As Ample Supply Offsets War Upheaval

EU Wheat Prices Drop As Ample Supply Offsets War Upheaval

Patimban Global Gateway Terminal Selects Liebherr LHM 550

Patimban Global Gateway Terminal Selects Liebherr LHM 550

Argentinian Grain Ports Resume Normal Operations After Strike

Argentinian Grain Ports Resume Normal Operations After Strike

Tymor Marine Conducts Digital Survey Aboard Global Mercy

Tymor Marine Conducts Digital Survey Aboard Global Mercy

Subscribe for Maritime Logistics Professional E‑News

Bangladesh Gas Supplies Improve after LNG Terminal Restart
Media reports claim that the plane found near a drone at a German airport carried ammunition
Renk CEO: 99% of the land business will be crewed until 2030