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

Awards Presented to Containerization and Intermodal Institute Leadership

Awards Presented to Containerization and Intermodal Institute Leadership

Kent Ebbing Joins Ports of Indiana as Foreign-Trade Zone Director

Kent Ebbing Joins Ports of Indiana as Foreign-Trade Zone Director

Low-Emission Cement Carrying Vessel to be Dual-Fuel Methanol

Low-Emission Cement Carrying Vessel to be Dual-Fuel Methanol

Cement Carrying Vessel Flourish Going into Africa

Cement Carrying Vessel Flourish Going into Africa

Subscribe for Maritime Logistics Professional E‑News

Heathrow Airport in London names Jansen, former BT chief executive officer, as its chairman
Maguire: US coal binge allows Asia to leapfrog the West on clean energy push
PCK refinery in Germany says leakage of pipeline has no impact