Russia aims to increase cargo traffic along the Northern Sea Route to 70 million metric tons by 2030, according to Vladimir Yakushev, First Deputy Speaker of the Federation Council. He emphasized the route's global strategic importance and the need for policies prioritizing the people living and working in the Arctic and Far East regions.
Russia and China plan to boost cargo traffic via the Northern Sea Route and enhance rail, road, and sea transit between China and Europe through Russia, according to a joint statement after talks in Beijing.
Russia's Deputy Foreign Minister Mikhail Galuzin suggests connecting the North-South International Transport Corridor with the Northern Sea Route to increase connectivity and integration into global supply chains.
The Northern Sea Route is increasingly viewed by Asia-Pacific nations as a strategic alternative to the Strait of Malacca, driven by security concerns and long-term trade prospects, according to Russian Minister Alexey Chekunkov.
The value of the Northern Trans-Arctic Route "as the safest, the most reliable and efficient route is becoming increasingly evident" amid disruptions of global transport chains due to numerous conflicts, the Russian leader noted
Cargo traffic along Russia's Northern Sea Route has increased from 4 to nearly 38 million tons over the past decade, Deputy Prime Minister Yury Trutnev reported. Russia plans to build four more nuclear-powered icebreakers, at least 10 rescue vessels, and 12 satellites by 2035 to further develop theArctic shipping route.
