Prime Minister Vladimir Putin on Thursday predicted Arctic shipping routes along Russia’s northern coast would soon rival the Suez Canal as a quicker trade link from Europe to Asia. Russian plans to revive the Soviet-era shipping lane as polar ice … Continue reading
As we have previously noted, Russia continues to invest in the Northeast Passage: “If Russia gives the green light to develop this as a full commercial transit route, it would make Sovcomflot’s whole investment case completely different,” said Chris Weafer, chief … Continue reading
Commercial shipping through the Northeast Passage over the last couple weeks has reported the seas bubbling as if they were boiling. Their observations have been reported to the science ministry who have sent scientists to investigate.