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Major deal on developing Russia’s Big Northern Sea Route sealed at Eastern Economic Forum

Major deal on developing Russia’s Big Northern Sea Route sealed at Eastern Economic Forum
A broad agreement aimed at providing stable growth of exports, cabotage and transit traffic along Russia’s Arctic sea route has been signed at the Eastern Economic Forum (EEF) in Vladivostok on Friday.

Russian state nuclear corporation Rosatom and the Ministry for Development of the Far East and the Arctic agreed to closely cooperate on projects aimed at developing the transport artery stretching along Russia’s Arctic coast.

“The Big Northern Sea Route from Murmansk to Vladivostok plays an important role in transport security, and connects by sea the European part of Russia with the Far East,” Rosatom’s director general, Aleksey Likhachev, told the media on the sidelines of the EEF.

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“We are interested in promoting cooperation under this project with both Russian and foreign counterparts,” he added.

The Northern Sea Route lies from the Kara Gate Strait in the west to Cape Dezhnev in Chukotka in the east. The Big Northern Sea Route includes the Arkhangelsk, Murmansk regions and St. Petersburg and the Far East from the Northern Sea Route’s border in Chukotka to Vladivostok. The 5,500-kilometer (3,417-mile) lane is the shortest sea passage between Europe and Asia.

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