Russia india plan to expand use of northern sea shipping route says interfax agency
Alexei Chekunkov, Russia’s minister for development of Far East and the Arctic, is visiting India and key issue was ‘reliable and safe’ transportation of goods, Interfax reported.Moscow: Russia and India are looking at expanding the use of the Northern Sea shipping route that passes through the Artic and which could include the building of processing facilities, Russia’s Interfax agency reported on Wednesday.
Alexei Chekunkov, Russia’s minister for the development of the Far East and the Arctic, is visiting India and a key issue in his talks with Indian officials was the “reliable and safe” transportation of goods through the Northern Sea Route using Russian and Indian ports, Interfax reported.
“It was especially noted that the cost of delivering a container from Vladivostok to India is a third lower than the cost of shipping a container from Moscow,” the news agency quoted a Chekunkov statement as saying.
India, which has not explicitly condemned Russia’s invasion of Ukraine, emerged as the largest buyer of Russian oil after China last year.
Russia wants the Northern Sea Route – which runs along Russia’s northern coastline and is the shortest shipping route between East Asia and Europe – to become a major shipping lane and has invested heavily in infrastructure there.
It Is not currently used in winter due to thick ice. But spurred on by the warming of the Artic, Moscow plans to begin year-round shipping by end of this year.
Stay updated with The Hindu Editorial Vocab24 app, your definitive source for breaking news and comprehensive coverage from India and around the globe. Whether it's political developments, business updates, sports highlights, the latest technology trends, or current events, The Hindu brings live, accurate, and reliable news directly to your device.
Don’t fall for sensationalized or fake news shared online. Read and share accurate updates with friends and family through The Hindu Editorial Vocab24 app. Download it today!
News Coverage in The Hindu Editorial Vocab24 App
Breaking News: Receive instant notifications on breaking news stories as they unfold. Stay informed about major events and developments in India and around the world with live blogs, news in shorts videos, and concise articles.
Politics: Get the latest updates on Indian politics, including elections, policy changes, government decisions, and political events that shape the nation.
Business and Economy: Stay ahead in the economic landscape with detailed business news and market analysis. Learn about stock market trends, financial reports, corporate news, and economic developments to make informed investment decisions.
Current Events: Follow stories on social issues, policy changes, global events, and daily current affairs, tailored for UPSC and other competitive exam preparations.
Technology: Keep up with the latest gadgets, innovations, and tech trends. Read expert reviews and analyses in short, concise updates on cutting-edge technology from India and beyond.
Sports: Never miss a moment of your favorite sports. Get live scores, match reports, and expert analysis on cricket, football, tennis, and more.
International News: Stay informed about global events and geopolitical developments, including the Russia-Ukraine war, Israel-Palestine conflict, and other key international stories.
Local News: Stay connected to your community with the latest updates on city events, issues, and local news. Coverage includes hyperlocal updates from cities like Bangalore, Chennai, Delhi, Hyderabad, Mumbai, Kolkata, and more.
Trending Topics: Discover what's trending today with the most talked-about stories and hot topics across India and the world.
Experience journalism that values integrity, accuracy, and reliability. Download The Hindu Editorial Vocab24 app today and stay connected with the world.
Subscribe to our newsletter!
