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

US Ethanol Could Fuel Methanol-Ready Ships, Study Finds

US Ethanol Could Fuel Methanol-Ready Ships, Study Finds

Ship Breaking: Dry Bulk Scrapping Falls 18-year Low

Ship Breaking: Dry Bulk Scrapping Falls 18-year Low

Insights: Ståle Hansen, CEO, Skuld

Insights: Ståle Hansen, CEO, Skuld

Sealartec Wins USCG Contract to Test Autonomous LARS

Sealartec Wins USCG Contract to Test Autonomous LARS

Subscribe for Maritime Logistics Professional E‑News

US FAA: Boeing 737 MAX software bug poses no safety concern
Canada fast tracks oil pipeline to diversify economy and divert away from US
Maguire: The cement boom in Africa signals the next big shift in global energy usage.