ST. PETERSBURG (Sputnik) – Russia’s northern rivers will be connected to the Northern Sea Route (NSR) to ensure easier access for commodity producers, Russian Transport Minister Roman Starovoit said on Wednesday.
Russia has far-going plans for the development of the NSR and the Transarctic Transport Corridor, the minister continued.
«It means our accessibility to the global market. More than 60% of world trade is carried out through maritime transportation,» Starovoit added.
In May, Russian President Vladimir Putin ordered for the project of the Transarctic Transport Corridor, stretching from the city of St. Petersburg to Murmansk to Arkhangelsk to Vladivostok, to be finalized. The project should be aimed at connecting the world’s industrial, agricultural and energy centers to consumer markets via a shorter, safer and economically profitable route, the president noted.
The Russian city of St. Petersburg is hosting the 28th edition of SPIEF from June 18-21 under the theme of «Shared Values: The Foundation of Growth in a Multipolar World.» Rossiya Segodnya international media group, Sputnik’s parent company, is the forum’s information partner.
