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

ARC Group Receives FEMA Award for Disaster-Relief Supply Deliveries

ARC Group Receives FEMA Award for Disaster-Relief Supply Deliveries

Strong Demand in India Flips Russian Urals to Premium

Strong Demand in India Flips Russian Urals to Premium

Decrepit Port Infrastructure has Vessels Stacked Off Venezuela

Decrepit Port Infrastructure has Vessels Stacked Off Venezuela

Ships Trickle Through Strait of Hormuz

Ships Trickle Through Strait of Hormuz

Subscribe for Maritime Logistics Professional E‑News

Shein delays Hong Kong debut until September, SCMP reports
Vietnam's foreign ministry says it will constructively address US concerns about transshipment.
El Nino returns: What it means for global trade and the Panama Canal