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

First Ethanol Bunkering in Rotterdam Port

First Ethanol Bunkering in Rotterdam Port

Maersk Launches Service to Strengthen India-China Connectivity

Maersk Launches Service to Strengthen India-China Connectivity

Kai Schulte-Schrepping Appointed as Head of Liability Global Risk at HDI Global

Kai Schulte-Schrepping Appointed as Head of Liability Global Risk at HDI Global

Marcura Launches Husbandry Solution to Target Vessel OPEX Gap

Marcura Launches Husbandry Solution to Target Vessel OPEX Gap

Subscribe for Maritime Logistics Professional E‑News

Top recycler GMS receives US approval for scrapping ships that are sanctioned
China reports that Xinhua says it is not acceptable for third parties to interfere with Panama ties.
Boeing increases 737 production following consultation with FAA