China unveils plan for 'Polar Silk Road' across the Arctic
The latest development of China’s One Belt, One Road initiative, according to this report from ...
The Northern Sea Route had fewer shipments passing along it than the year before, as non-Russian companies have steered away from it. Problems with infrastructure as well as sanctions have made the shipping lane, which cuts more than 2,000 nautical miles from a Rotterdam to Shanghai voyage going through the Suez Canal. President Putin promoted the Arctic route as a key new trade lane ? but shipping lines have yet to be convinced.
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