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

CMA CGM Celebrates Naming NOTRE DAME, the Largest French-Flagged Containership

CMA CGM Celebrates Naming NOTRE DAME, the Largest French-Flagged Containership

Swire Shipping Announces New Branch Office in Timor-Leste

Swire Shipping Announces New Branch Office in Timor-Leste

ICS Publications Releases 6th Edition of Environmental Compliance Shipping Guide

ICS Publications Releases 6th Edition of Environmental Compliance Shipping Guide

Fleetwork: Posidonia 2026 Signals Turning Point for Al, Cloud Adoption in Shipping

Fleetwork: Posidonia 2026 Signals Turning Point for Al, Cloud Adoption in Shipping

Subscribe for Maritime Logistics Professional E‑News

Russian fuel crisis leads to rush for Chinese electric vehicles
Yemen's Houthis warn Saudi Arabia of their targets in response to Iran's flight to Sanaa
Heatwave disrupts Fourth of Jule events in eastern US