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

Green Shipping Service Launched in Singapore

Green Shipping Service Launched in Singapore

Tuapse Port Fire Extinguished Days After Ukrainian Drone Attack

Tuapse Port Fire Extinguished Days After Ukrainian Drone Attack

Port of Antwerp-Bruges Reports Weak Start to the Year

Port of Antwerp-Bruges Reports Weak Start to the Year

Hydrogen Fuel Cell Harbor Craft Pilot Study Launched in Singapore

Hydrogen Fuel Cell Harbor Craft Pilot Study Launched in Singapore

Subscribe for Maritime Logistics Professional E‑News

Lavrov, the Russian Foreign Minister, says that US is ignoring international conventions and pursuing its own interest
The Iran war has left seafarers in the Gulf stranded
Local official: Ukrainian drone strikes apartment building in Russian Yekaterinburg