marine link image
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

Richard Hendrick Elected as American Association of Port Authorities Chairman

Richard Hendrick Elected as American Association of Port Authorities Chairman

As Interferry turns 50, the Ferry Industry Navigates Change, Again

As Interferry turns 50, the Ferry Industry Navigates Change, Again

Sovecon Cuts Russian Grain Forecast Amidst Black Sea Disruptions

Sovecon Cuts Russian Grain Forecast Amidst Black Sea Disruptions

Ground Broken on $16b Kenya Oil Refinery

Ground Broken on $16b Kenya Oil Refinery

Subscribe for Maritime Logistics Professional E‑News

Hope fading for new Boeing deal during US-China summit, sources say
Russia claims it has struck Ukrainian defence industry vessels and facilities
Maguire: The cement boom in Africa signals the next big shift in global energy usage.