Putin confirms efforts for secure transit routes

Russian President Vladimir Putin explained that his country is working on developing secure and flexible transportation routes to ensure the continuity of navigation and cargo movement, especially amidst challenging global conditions and the threats facing transportation operations and the economy. He mentioned plans to improve the capabilities of railways and ports, and to develop transportation corridors in the Arctic region, including establishing points for freight transfer from central Russia, Siberia, and the Northern Economic Zone. It is expected that the volume of transport through these routes will reach $10 billion annually over the next decade. He highlighted that the Northern Sea Route shortens the distance between Europe and Asia by 40% compared to traditional routes, reducing costs and emissions. This comes in the context of increasing use of this corridor, following the launch of a regular Chinese container shipping line through the area.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article