Russia’s Rosatom Sees Northern Sea Route Development Costing $11.7 Billion

By Katya Golubkova and Gleb Stolyarov MOSCOW, June 24 (Reuters) - Russia's ambitious Northern Sea Route (NSR) requires 735 billion roubles ($11.7 billion) in investments, with the state budget to provide a third and the rest to come from companies and banks, the head of state nuclear firm Rosatom, Alexey Likhachyov, said. Rosatom, the world's top nuclear company in … [Read more...]

Watch: Amazing Time-Lapse Shows the World’s Biggest Nuclear Icebreakers

https://www.youtube.com/watch?v=bKaVhXn49xY Check out this mesmerizing time-lapse showing the Russian nuclear-powered icebreaker Yamal conducting Arctic operations along the Northern Sea Route. The video was released by the Russian-based media company TimeLab which had a film crew spend a week filming aboard the icebreaker in March 2019. Also shown in the video is … [Read more...]

DP World, Russia Partnership Seeks to Develop Ports Along Northern Sea Route

By Katya Golubkova and Gleb Stolyarov ST PETERSBURG, June 7 (Reuters) - DP World, one of the world's largest port operators, wants to run ports that Russia plans to build along the northern sea route in the Arctic to shorten shipping times between the east and west, its chief executive told Reuters. Russian President Vladimir Putin has made developing the northern sea route … [Read more...]

Putin’s Arctic Plans Are a Climate Change Bet -Opinion

By Leonid Bershidsky (Bloomberg Opinion) -- Last weekend, Russia launched the last of a new crew of atomic icebreakers meant to consolidate the country’s dominance of commercial traffic in the Arctic. As much of the rest of the world recognizes climate change as an emergency, Russia is working hard to capitalize on it — and the U.S. appears to be far behind. The icebreaker … [Read more...]

Melting Ice Caps Are a National Security Crisis: James Stavridis

By James Stavridis (Bloomberg Opinion) -- I spent much of my life in the U.S. Navy, including nearly 11 years on the deep ocean day-to-day, out of sight of land. This really drove home the fact that oceans cover 70 percent of the earth’s surface — all the world’s land would fit comfortably within the Pacific. Oceans produce much of the oxygen we breathe and a great deal of the … [Read more...]