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Russia explores NSR cooperation with China and India
Russia is currently discussing with China and India cooperation in shipping via the Northern Sea Route, which is a strategic passage that extends along Russia’s northern coast and is one of the shortest routes for transporting goods between Europe and Asia. It is expected that the volume of shipping along this route will reach 20 million tons between Russia and China and 5 million tons between Russia and India by 2030, according to Russia’s Deputy Minister of Trade and Industry. Additionally, Russian President Vladimir Putin is aiming to make navigation along the corridor available year-round and to strengthen its role as a hub for economic growth in the Far East, which is increasingly gaining strategic security and economic significance.
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