The Northeast Passage ports development contains the least risks and has not yet begun

The Northeast Passage ports development contains the least risks and has not yet begun

28.07.2021 0 Автор NKIR

Today, the Arctic Development Project Office experts discussed the possibility of regular navigation along the Northeast Passage (NP). I analyzed the experts. And the projects associated with the Northeast Passage infrastructure development have the lowest risks. This is the development of hub ports and service infrastructure.

It would seem that the goods transit along the Northeast Passage requires less investment. And tranit looks more in demand. But if the ice goes to the Pole, Russia will lose the control priority right. I mean the Article 234 of the UN Convention on the Law of the Sea about “Ice-covered areas”.

Unrestrained icebreakers construction may also not bring the expected result. Container ships construction doesn’t stand still and soon icebreakers may simply not be needed.

But the development of ports and land infrastructure along the Northeast Passage entire length will in any case benefit the Russian economy and bring a positive economic result.