... to exercise caution and sometimes practice over-compliance with Western technology transfers restrictions fearing possible secondary US and EU sanctions.
Another evident economic opportunity for Russia in the Arctic region is the Northern Sea Route (NSR)—a 5,600 km long transportation corridor that remains the shortest shipping route between Europe and the Asia-Pacific. With the Arctic ice melting and navigation seasons in the North getting longer due to global warming, NSR becomes commercially ...
Interview with Dr Jawahar Vishnu Bhagwat
The development of the Northern Sea Route (NSR) is currently one of Russia’s key strategic projects for the Arctic region. Given its scale and significance, developing the NSR also requires expanding international cooperation and participation in the project. Russia has been actively attracting ...
... 80% of natural gas and about one third of fish are produced in the Arctic belt. The continental shelf is rightly considered a strategic stockpile of explored mineral resources to secure hundreds of years of prudent consumption. The Northern Sea Route (NSR), for all the complexities and controversial points in its operation, is a real working sea lane for commodity transportation. In 2021, this artery was used to deliver a record
33.5 million tons
of cargo, with liquefied natural gas (LNG) and gas ...
... to Canada and the United States, the Russian Arctic is characterised by a greater length of navigation, a smaller area and thickness of the ice cover, as well as a big number of bases and ports along the coast and on islands. The Northern Sea Route (NSR) is in regular and increasing use for commercial cargo transport, owing to both development of the resources of the Russian North and transit shipping. Of course, the NSR is still a long way behind the routes of the southern seas in performance, but ...
Participation of foreign shipping companies in the development of the NSR
Recently, the potential of the Northern Sea Route (NSR) as the shortest Eurasian route has become of a great interest for maritime companies in many countries. As a result, Russia has a great chance to implement one of the four priorities of its ...
