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Reading: Russia, India in talks for Northern Sea shipping route – Interfax
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The Africa Daily Post > Diplomacy > Russia, India in talks for Northern Sea shipping route – Interfax
DiplomacyEconomy

Russia, India in talks for Northern Sea shipping route – Interfax

Adekunle Owolabi
By Adekunle Owolabi Published March 29, 2023 2 Min Read
Alexei Chekunkov, Minister for the Development of the Russian Far East and Arctic
Alexei Chekunkov, Minister for the Development of the Russian Far East and Arctic
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According to a report by Russia’s Interfax agency on Wednesday, Russia and India are exploring options to expand the usage of the Northern Sea shipping route, which passes through the Arctic, including the possibility of constructing processing facilities. Alexei Chekunkov, Russia’s minister for the development of the Far East and the Arctic, held discussions with Indian officials during his visit to India, with a focus on the “reliable and safe” transportation of goods via the Northern Sea Route, using Russian and Indian ports.

Chekunkov stated that “the cost of delivering a container from Vladivostok to India is a third lower than the cost of shipping a container from Moscow,” as per Interfax. India, which has not explicitly denounced Russia’s invasion of Ukraine, was the largest purchaser of Russian oil after China in 2022.

Russia aims to turn the Northern Sea Route, which is the shortest shipping route between East Asia and Europe, and runs along its northern coastline, into a significant shipping lane, and has invested substantially in the region’s infrastructure. The shipping route is not utilized in winter because of the thick ice, but Moscow intends to begin year-round shipping by the end of this year, encouraged by the warming of the Arctic.

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Adekunle Owolabi
By Adekunle Owolabi
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Adekunle, a seasoned journalist renowned for his astute coverage of global affairs, has honed his craft across diverse newsrooms in Lagos, Johannesburg, and Abu Dhabi. Adept at navigating the complexities of political and international diplomacy, he consistently delivers insightful analysis and accurate reporting, earning him recognition as a trusted voice in the field
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