Russia, China Ink Pact On All-Year Shipping Via Arctic Sea Route

Ramananda Sengupta (Editor)
StratNews Global

Russia’s state nuclear agency Rosatom has signed a memorandum of understanding with a Chinese shipping company to establish a year-round container line between the two countries via the Arctic’s Northern Sea Route (NSR).

Russian President Vladimir Putin has talked up prospects for the Arctic corridor as Russia shifts its trade eastwards in response to Western sanctions over the conflict in Ukraine.

Rosatom said the agreement with China’s Hainan Yangpu Newnew Shipping Co. Ltd would establish a joint venture for the design and construction of container ships and the shared operation of the shipping line.

🇷🇺🌐 The world's balance of power is shifting in many ways. Here's an angle you might not have considered. Russia is building a class of nuclear-powered super icebreakers to keep their Arctic Route from the Atlantic to the Pacific open year round. This route goes through Russian…
— jamiemcintyre (@jamiemcintyre21) April 7, 2024

The agreement was signed on Thursday at Russia’s annual economic forum in St Petersburg. The event once drew top Western banks and executives, but now they largely hail from countries still friendly with Russia, including China.

Vladimir Panov, Rosatom’s special representative for Arctic development, said 12 voyages were planned for 2024 and the companies hope to ultimately ship up to 50 million tonnes of cargo each year. 💬 “Our main task is to build up to five Arctic-class vessels, which will allow the company to operate on the Northern Sea Route year-round,” Panov said.

Health topic page on womens health Womens health our team of physicians Womens health breast cancer lumps heart disease Womens health information covers breast Cancer heart pregnancy womens cosmetic concerns Sexual health and mature women related conditions Facts on womens health female anatomy Womens general health and wellness The female reproductive system female hormones Diseases more common in women The mature woman post menopause Womens health dedicated to the best healthcare
buy viagra online