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Northern Sea Route (NSR)


Source: BS

Russia has unveiled plans to invest 2 trillion rubles ($24 billion) in the development of its Northern Sea Route (NSR) over the next 13 years


About Northern Sea Route (NSR):

It connects the eastern and western parts of the Arctic Ocean. The NSR runs from the Barents Sea, near Russia’s border with Norway, to the Bering Strait between Siberia and Alaska. NSR is different from the Northwest Passage which is a series of possible shipping routes connecting the Atlantic and Pacific Oceans through the Canadian Arctic. The entire route lies in Arctic waters and within Russia’s exclusive economic zone. It is one-third of the distance of the traditional route through the Suez Canal.