marine link image
REGISTER NOW FOR the Port of the Future Conference • 2 Days, 50 Ports • Houston, TX • March 24–25, 2026

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

Towage Giant Delivers Record Results, Eyes Global Expansion

Towage Giant Delivers Record Results, Eyes Global Expansion

ZIM Navigates Cooling Container Markets, Hapag-Lloyd Deal Looms

ZIM Navigates Cooling Container Markets, Hapag-Lloyd Deal Looms

Shipowners to Lead Maritime Transformation Talks at APM 2026

Shipowners to Lead Maritime Transformation Talks at APM 2026

Semco Maritime, Zamakona Form Las Palmas Shipyard Alliance

Semco Maritime, Zamakona Form Las Palmas Shipyard Alliance

Subscribe for Maritime Logistics Professional E‑News

Airline stocks hit by oil price spike and intensifying Iran war
Hormuz blockage diverts bauxite and alumina ships bound for the Middle East
As flights to the Middle East cease, governments plan repatriations