"President Vladimir Putin emphasized the Northern Sea Route's significance, stating that its status as 'the most safe, reliable and efficient path is becoming ever more obvious.' This route is the shortest maritime connection between Asia and Europe, yet it remains underutilized due to seasonal ice and political factors."
"Shipping along the Northern Sea Route can reduce travel time by up to 40% compared to the Suez Canal. However, in 2022, only about 38 million tons of cargo were transported, falling short of the planned 80 million tons, largely due to the impact of Western sanctions following the Ukraine invasion."
"Despite the challenges, Russia is committed to developing the NSR, budgeting approximately 1.8 trillion Russian rubles for its expansion until 2035. The route primarily serves the transport of Russian crude oil and liquid natural gas, which constituted over 80% of the cargo in 2024."
The Northern Sea Route (NSR) is promoted by Russian officials as a safer and more efficient maritime path between Asia and Europe. It can reduce travel distance by up to 40% compared to the Suez Canal. However, its usage is limited due to the route being frozen for much of the year and geopolitical tensions, particularly following the 2022 Russian invasion of Ukraine. Despite these challenges, Russia continues to invest heavily in NSR infrastructure, with a focus on transporting crude oil and liquid natural gas.
Read at www.dw.com
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