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

Iran Creates Oil Bonanza for the Americas

Iran Creates Oil Bonanza for the Americas

New Zealand, US to Fund Cook Islands Port Upgrade

New Zealand, US to Fund Cook Islands Port Upgrade

Cheniere Exports 5,000th LNG Cargo

Cheniere Exports 5,000th LNG Cargo

Russian Wheat Exports Rise in Price as Black Sea Supplies Dwindle

Russian Wheat Exports Rise in Price as Black Sea Supplies Dwindle

Subscribe for Maritime Logistics Professional E‑News

Sweden inks French war ship order
Ares raises the largest amount of money for its unit, $4 billion, to benefit Japan Logistics Fund
Sweden orders French warships to strengthen its defense