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

Transneft Looks to Redirect Oil From Attacked Baltic Ports

Transneft Looks to Redirect Oil From Attacked Baltic Ports

Hapag-Lloyd Incurs Significant Weekly Costs Due to Ongoing Middle East Conflict

Hapag-Lloyd Incurs Significant Weekly Costs Due to Ongoing Middle East Conflict

Maraen Approves $40M Port of Nigg Upgrade After Rebrand

Maraen Approves $40M Port of Nigg Upgrade After Rebrand

Legal Action Taken Following Spiridon II Livestock Deaths

Legal Action Taken Following Spiridon II Livestock Deaths

Subscribe for Maritime Logistics Professional E‑News

Interfax reports that Transneft, a Russian oil company, wants to divert oil away from ports attacked by terrorists.
The Iran War complicates WHO emergency medical supply routes
US House committees pass sweeping aviation safety regulations