marine link image

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

Kuwaiti Tanker Ablaze in Dubai Port

Kuwaiti Tanker Ablaze in Dubai Port

Titan Clean Fuels and TURN2X Agree e-Methane Supply Deal

Titan Clean Fuels and TURN2X Agree e-Methane Supply Deal

Livestock Still Being Sent to War Zones

Livestock Still Being Sent to War Zones

Ammonia, Fertilizer Trade Threatened by Strait of Hormuz Conflict

Ammonia, Fertilizer Trade Threatened by Strait of Hormuz Conflict

Subscribe for Maritime Logistics Professional E‑News

Alaska Air announces bigger losses in the first quarter due to fuel prices surging
El Pais reports that Spain has closed its airspace to US aircraft involved in the Iran war.
Spain shuts down airspace for US planes involved with Iran war, Defence Minister says