India and Russia are eyeing an Arctic shipping line to connect Southeast Asia to Europe in less time than the Suez and Panama Canals
Moscow: India and Russia are discussing the possibility of launching a transarctic container shipping line and processing facilities along the Northern Sea Route (NSR), said Aleksey Chekunkov, Russia’s Far East Development Minister East and Arctic.
The Arctic route, linking Southeast Asia to Europe, will drastically reduce transport times, compared to traditional routes through the Suez or Panama Canals. In Soviet times, it was mainly used to supply goods to isolated colonies in the Arctic.
During Chekunkov’s visit, the issue was discussed during the meeting with India’s Ports, Shipping and Waterways Minister Sarbananda Sonowal to use the “North Sea Route” for reliable and efficient cargo transport. sure, according to information.
“In India, we have seen a sincere and genuine interest in Russia, which is based on the long history of friendship between our countries,” the press service quoted Minister Alexey Chekunov as saying. “We are ready to continue the dialogue with the Indian side, where the main objective is to launch discussed projects.”
“Another round of talks will be held in Moscow in April on the platform of the Far East and Arctic Development Corporation,” he added.
“Ministers discussed an alternative route to transport cargo from India to Europe – not through the southern or western routes, but through the eastern route and the NSR, using both Russian and Indian port facilities… The cost to ship a container from Vladivostok to India is 30% lower than from Moscow,” the Russian ministry said.
India has reportedly expressed interest in building a satellite city near Vladivostok in the Russian Far East, including ports, roads and energy infrastructure.
Chekunkov revealed that the next round of talks will take place in Moscow in April.
Discussed the continuation of 🇮🇳-🇷🇺 links in the maritime sector, including the transport of goods along the Northern Sea Route, the transport of containers between ports in the Russian Far East and the India, the operationalization of the Chennai – Vladivostok corridor and the training of Indian seafarers in Arctic waters.
— Sarbananda Sonowal (@sarbanandsonwal) March 28, 2023
Earlier, Prime Minister Narendra Modi said that New Delhi planned to help develop the NSR and turn it into a global trade route.
Russian President Vladimir Putin has also called the proposed route a “key to the development of Russia’s Arctic regions in the Far East”, and the goal is to make it a “truly global and competitive artery of transport”.
The Northern Sea Route, which runs the length of Russia’s Arctic and Far Eastern regions, is expected to become a major trade route for goods shipped between Europe and Asia.
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