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

Ukrainian Drone Attack Hits St Petersburg Oil Terminal

Ukrainian Drone Attack Hits St Petersburg Oil Terminal

CMA CGM Celebrates Naming NOTRE DAME, the Largest French-Flagged Containership

CMA CGM Celebrates Naming NOTRE DAME, the Largest French-Flagged Containership

Swire Shipping Announces New Branch Office in Timor-Leste

Swire Shipping Announces New Branch Office in Timor-Leste

ICS Publications Releases 6th Edition of Environmental Compliance Shipping Guide

ICS Publications Releases 6th Edition of Environmental Compliance Shipping Guide

Subscribe for Maritime Logistics Professional E‑News

As the far-right AfD aims for power, thousands of protesters in Germany are taking to the streets.
Sources: Iran explores oil sales to Japan; buyers want longer sanctions waiver
Yemen's Armed Forces Threaten Saudi Targets over Iran Flight to Sanaa