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1 September 2026

Russia puts $116bn price tag on Arctic shipping ambitions

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Source reporting: Splash247

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Russia puts $116bn price tag on Arctic shipping ambitions

Russia will need around RUB10trn ($116bn) by 2035 to turn its Arctic coastline into a fully fledged transport corridor, an investment bill of such scale that Moscow is likely to need substantial international participation, with China the obvious candidate. Rosatom chief executive Alexey Likhachev told Russian title Expert that development of the so-called Trans-Arctic Transport …

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