Russia’s Plan To Boost North Sea Route Annual Cargo Challenging- Arctic Economic Council

UrduPoint published an article titled, “Russia’s Plan To Boost North Sea Route Annual Cargo Challenging- Arctic Economic Council”. The article reads in part as follows:

The goal to increase the shipping volume of Russia‘s Northern Sea Route to 80 million tonnes per year announced by RussianPresident Vladimir Putin is challenging and will require additional investment, Tero Vauraste, the vice chairman of the Arctic Economic Council, told Sputnik on Wednesday.

Earlier on Wednesday, Putin set out the key areas of development of the Russian Far East at the plenary session of the Eastern Economic Forum being held in Russia on September 11-13. In particular, the Russian president has ordered that the transportation between Europe and the Pacific Rim should be improved with the help of the Northern Sea Route, whose annual flow of goods should be increased to 80 million tonnes.

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