Tag

Northern Sea Route

All articles tagged with #northern sea route

international-relations2 years ago

"Putin's Joint Show of Defiance: Russia's President Speaks at China's Belt and Road Forum"

Russian President Vladimir Putin made a rare international appearance at the third Belt and Road forum in Beijing, where he invited other countries to participate in the development of the Northern Sea Route. Putin emphasized the importance of connectivity between partners and highlighted Russia's efforts to build railway routes towards China, Mongolia, and other ports. The successful development of the Northern Sea Route could make Russia critical to global trade and communications between Asia and Europe. Chinese President Xi Jinping announced billions in new funds for the Belt and Road Initiative and emphasized the progress made by the initiative. Xi and Putin are also set to hold bilateral talks.

maritimearctic-shipping2 years ago

Growing Concerns Over Russia's Non-Ice Class Ships in the Arctic

Shipbroker Poten & Partners warns that Russia's use of non-ice class tankers to increase oil flows through the Arctic via the Northern Sea Route (NSR) compromises safety. While the NSR offers time and fuel savings, the unpredictable weather and potential for quick freeze-ups pose significant risks. Ice-class vessels and ice breaker escorts are preferred for the NSR passage, but the use of non-ice class tankers has raised concerns about oil spills and environmental hazards. The decision to allow non-ice class vessels reflects Russia's willingness to take risks to expand NSR shipments and maintain oil revenues despite sanctions.