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

Russia Imports Petroleum Products From South Korea to Ease Fuel Crises

Russia Imports Petroleum Products From South Korea to Ease Fuel Crises

Iran War Forces Oil Industry to Consider Alternative Export Routes

Iran War Forces Oil Industry to Consider Alternative Export Routes

Exports of French Wheat to Morocco Expected to Fall

Exports of French Wheat to Morocco Expected to Fall

EU Wheat Rises After Saudi Tender, Continued Black Sea Tensions

EU Wheat Rises After Saudi Tender, Continued Black Sea Tensions

Subscribe for Maritime Logistics Professional E‑News

US airlines oppose China’s bid to increase flights
Smoke in the cabin causes emergency landing of a Boston bound Delta flight in Portugal
Wall Street Journal, September 24,