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

Ukrainian Exporters Encouraged to Prepare for Halted Port Operations

Ukrainian Exporters Encouraged to Prepare for Halted Port Operations

PIRIOU Delivers Third Wind-Powered Cargo Ship to NEWTOWT

PIRIOU Delivers Third Wind-Powered Cargo Ship to NEWTOWT

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

Subscribe for Maritime Logistics Professional E‑News

Whistleblower claims USPS restrictions on mail-in ballots could result in thousands of invalid ballots
FAA suggests flight restrictions near Trump Palm Beach Airport
Jordan's Aqaba Port sees increased transit cargo amid Hormuz disruption