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

Fourth NSMV Lone Star State Christened for Texas A&M Maritime Academy

Fourth NSMV Lone Star State Christened for Texas A&M Maritime Academy

Saronic Picks Texas for New $3B Shipyard

Saronic Picks Texas for New $3B Shipyard

EU Grain Exporters Prepare for Increased Demand Amidst Black Sea Attacks

EU Grain Exporters Prepare for Increased Demand Amidst Black Sea Attacks

Port of Antwerp-Bruges Sees Decline in Goods in H1 2026

Port of Antwerp-Bruges Sees Decline in Goods in H1 2026

Subscribe for Maritime Logistics Professional E‑News

Yemen's Houthis have said they will impose a naval blockade on Saudi Arabia
Aircraft orders are up at the Farnborough airshow, as Boeing and Airbus compete for deals
Archer, Anduril unveil autonomous aircraft platform for defense, commercial markets