Register now for the Port of the Future Conference • 2 Days, 50 Ports • Houston/Galveston area, TX • April 12–14, 2027

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

Ground Breaks on New Delaware Container Terminal

Ground Breaks on New Delaware Container Terminal

European Wheat Rises As Black Sea Disruptions Continue

European Wheat Rises As Black Sea Disruptions Continue

COLI Antwerp Completes Four Cargo Shipments in Across Eight Countries

COLI Antwerp Completes Four Cargo Shipments in Across Eight Countries

Wisconsin Ports Holds Annual Meeting to Advance Maritime Priorities

Wisconsin Ports Holds Annual Meeting to Advance Maritime Priorities

Subscribe for Maritime Logistics Professional E‑News

The Indonesian survivor of a shipwreck saw the vessel capsize within minutes and waited for 10 hours to be rescued
Palm oil prices rise for the second consecutive session due to crude strength
Games-Asiad organizers promise to address complaints about accommodation as the cruise ship arrives