India announces it will help Russia convert Arctic into global trade route

India announces it will help Russia convert Arctic into global trade route

India plans to help develop Russia’s Northern Sea Route and convert it into a commercial artery International, announced the Indian Prime Minister, Narendra Modi.

“India and Russia are partners in space exploration through the Gaganyaan programme. Russia and India will also be partners in opening up of international trade on the Northern Sea Route,” Modi said during a session of the Eastern Economic Forum held in the Russian city of Vladivostok on Saturday (4).

The Indian leader also noted that despite major disruptions caused by the pandemic, Moscow and New Delhi have made significant progress in developing trade relations. new coronavirus.


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AFP 2021 / Mikhail Klimentyev

Indian Prime Minister Narendra Modi (E) greets Russian President Vladimir Putin during a joint press conference ahead of the Eastern Economic Forum in Vladivostok, Russia. file photo

“The friendship between Russia and India has stood the test of time. And recently, we have seen cooperation against pandemics including vaccines,” remarked Modi.

The Indian Prime Minister also highlighted that joint projects like the Chennai-Vladivostok Maritime Corridor, which are currently under development, the North-South International Transport Corridor as well as the partnership between Iran, Russia, India, Azerbaijan, Armenia Provides more connectivity with Kazakhstan, Kyrgyzstan, Tajikistan, Ukraine, Belarus, Oman and Syria.

The Northern Sea Route is the shortest sea route between the European part of Russia and the Far East, as well as the main maritime communication. Russian arctic. The road runs for 5,600 km along the northern coast of Russia through the sea of ​​the Arctic Ocean from the Kara Strait to Providennia Bay.

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About the author: Cory Weinberg

Cory Weinberg covers the intersection of tech and cities. That means digging into how startups and big tech companies are trying to reshape real estate, transportation, urban planning, and travel. Previously, he reported on Bay Area housing and commercial real estate for the San Francisco Business Times. He received a "best young journalist" award from the National Association of Real Estate Editors.

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