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

HDI Global Shares H1 2026 Earnings Growth

HDI Global Shares H1 2026 Earnings Growth

MacGregor Share Q2 2026 Interim Report

MacGregor Share Q2 2026 Interim Report

IDEA Logistics Transports Yankee Dryer From Sweden to Türkiye

IDEA Logistics Transports Yankee Dryer From Sweden to Türkiye

Baltic Shipping Adds Wind-Assisted Hybrid Coasters

Baltic Shipping Adds Wind-Assisted Hybrid Coasters

Subscribe for Maritime Logistics Professional E‑News

Twelve dead and at least 10 injured after Polish bus crash in Hungary
ADNOC, the UAE's national oil company, says that one of its vessels was attacked while transiting Hormuz
Xi calls on China to improve disaster prevention after floods and landslides hit the country