Northern Sea Route in Arctic Policy of Russia

DOI: 10.20542/0131-2227-2019-63-1-83-87

M. Gutenev (, 
South Ural State University, 76, Lenina Prosp., Chelyabinsk, 454080, Russian Federation 

Abstract. The article is devoted to assessing the development prospects of the Northern Sea Route (NSR). The author examines the main concerns of international investors and partners about the commercial viability of the NSR. The author proposes to deliberately and systematically implement the strategic objectives for the Arctic development, to create a comprehensive plan for the implementation of measures aimed at the development of forecasts for the development of the NSR. Despite the considerable international interest in the Russian Arctic from potential foreign partners and investors, there are also great concerns about the commercial viability of the NSR. For example, in the foreign ship¬building and shipping companies who would be interested in the development of the NSR, there is no single point of view about the prospects of this transport corridor. According to foreign researchers, in order to promote active use of the Northern route has a lot of issues should be cleared out. The main problems today relate to the political, economic and intra-corporate barriers. One of the main vectors of development of the NSR in the twenty-first century should be the development of cooperation with foreign partners, aimed at the harmonization of the rules and regulations relating to the use of the Northern sea corridor, as well as comprehensive work aimed at improving its general image and commercial attractiveness.  

Keywords: Russia, Arctic, Northern Sea Route, NSR, shipping, hydrocarbons 


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For citation:
Gutenev M. Northern Sea Route in Arctic Policy of Russia . World Eonomy and International Relations, 2019, vol. 63, no. 1, pp. 83-87.

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