With almost 7.5 million tons of cargo transported through the route and an expected 70 million in 2030, Putin hopes this will increase the demand for Russian shipping vessels.
The Northern Sea Route nearly halves the travel distance between Europe and Asia compared to alternate routes through the Suez or Panama canals.
“The corresponding Bill is currently being considered in the State Duma,” said Putin. “I expect that it will be adopted soon.”
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