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

US Moves Forward with Delfin LNG Deepwater Port License

US Moves Forward with Delfin LNG Deepwater Port License

FMC Decision Upheld That Detention Fees During Port Closure Are Unfair

FMC Decision Upheld That Detention Fees During Port Closure Are Unfair

AIDAmar Cruise Ship Docks at Damen Shiprepair for Bottom Survey

AIDAmar Cruise Ship Docks at Damen Shiprepair for Bottom Survey

BCT Gdynia Receives Two LHM 550 Harbor Cranes

BCT Gdynia Receives Two LHM 550 Harbor Cranes

Subscribe for Maritime Logistics Professional E‑News

Two more Guatemalans plead guilty to the smuggling death of 55 migrants.
Ireland's Manna begins push into U.S. drone delivery "battleground"
Ukraine claims it has hit more Russian fuel tanks as the Crimea campaign intensifies