If Russia's gamble pays off, 200 million tonnes of cargo per year will move through these waters within a decade, potentially adding more than $500 million to Russia's GDP.
This article by Conor McCann, writing for ABC-Australia, makes the following points:
- Russia is now operating more icebreakers along its Arctic coast and plans to build more.
- The shipping route cuts 4,000 nautical miles off the standard journey between Europe and Asia.
- The extra revenue could be critical for Moscow as the Ukraine invasion bites into its national budget.
References from the Web: