India will help Russia turn Arctic into global trade route
New Delhi is planning to assist in developing Russia’s Northern Sea Route (NSR). And turning it into an international trade artery, according to Indian Prime Minister Narendra Modi.
“India will help Russia in the development of the Northern Sea Route and opening this route for international trade the same way as Russia helps India to develop with the aim of space exploration and the preparation of the national manned Gaganyaan program,” Modi said, speaking via video link at a plenary session of the Eastern Economic Forum.
The Indian prime minister also said Moscow and New Delhi had managed to make significant progress in developing commercial ties despite massive disruptions caused by the Covid-19 pandemic.
The friendship between India and Russia has stood up against the test of time,” he said.
“Most recently, it was seen in our robust cooperation during the Covid-19 pandemic, including in the area of vaccines. The pandemic has highlighted the importance of the health and pharma sectors in our bilateral cooperation.”
According to the Indian head of state, an energy partnership between the two nations would bring greater stability to the global energy market.
Modi also said that such joint projects as the Chennai-Vladivostok sea corridor, which is currently under development, provide greater connectivity along with the North-South transport corridor.
Major deal on developing Russia’s Big Northern Sea Route sealed at Eastern Economic Forum
A broad agreement aimed at providing stable growth of exports, cabotage and transit traffic along Russia’s Arctic sea route has been signed at the Eastern Economic Forum (EEF) in Vladivostok on Friday.
Russian state nuclear corporation Rosatom and the Ministry for Development of the Far East and the Arctic agreed to closely cooperate on projects aimed at developing the transport artery stretching along Russia’s Arctic coast.
“The Big Northern Sea Route from Murmansk to Vladivostok plays an important role in transport security, and connects by sea the European part of Russia with the Far East,” Rosatom’s director general, Aleksey Likhachev, told the media on the sidelines of the EEF.
“We are interested in promoting cooperation under this project with both Russian and foreign counterparts,” he added.
The Northern Sea Route lies from the Kara Gate Strait in the west to Cape Dezhnev in Chukotka in the east. The Big Northern Sea Route includes the Arkhangelsk, Murmansk regions and St. Petersburg and the Far East from the Northern Sea Route’s border in Chukotka to Vladivostok. The 5,500-kilometer (3,417-mile) lane is the shortest sea passage between Europe and Asia.