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

Encomara Squid Connection System Qualifies for Commercialization

Encomara Squid Connection System Qualifies for Commercialization

Russia Focuses Strikes on Ukrainian Ports, Industrial Sites, Distribution Facilities

Russia Focuses Strikes on Ukrainian Ports, Industrial Sites, Distribution Facilities

EU Wheat Continues to Rise During Black Sea Conflict

EU Wheat Continues to Rise During Black Sea Conflict

Chicago Wheat Hits Three-Year High Amidst Black Sea Conflict

Chicago Wheat Hits Three-Year High Amidst Black Sea Conflict

Subscribe for Maritime Logistics Professional E‑News

Number missing in Tibet after Nepal mudslide tops 550; China flags upstream risk
What has been attacked by Ukraine in its attacks on Russian energy sites?
Nepalese rescuers search for survivors after devastating flood that killed 162 people