The Northern Sea Route as a strategic initiative of the Eurasian Economic Union

Julia Zvorykina, Yuri Yurievich Kofner and Sergey Igorevich Pakulov
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Yuri Yurievich Kofner: Research Institute of Higher School of Economics, Moscow, Russia
Sergey Igorevich Pakulov: Russian Foreign Trade Academy, Moscow, Russia

Russian Foreign Economic Journal, 2017, issue 9, 94-104

Abstract: Russia gives preference to the development of transport corridors that allow reducing transport costs, the time of delivery of goods from countries of production to sales markets that are many thousands of kilometers away, which is beneficial both for the producing countries of the Asia-Pacific Region and for Russia. Such a transport corridor is the Northern Sea Route. The further development of this transport corridor, the arrangement of its infrastructure is necessary both for the development of the NSR as an internal sea route, and for the creation of a large transport corridor that can become a competitor to the transport corridors passing through the Suez Canal. At the same time, how Russia and the EAEU will successfully solve such complex and truly promising infrastructure problems will show what place Russia and the EAEU plan to occupy in the current and future world order.

Keywords: Transport communications; transportation costs; sales markets; delivery time of cargo; transport and raw materials bridge; introduction of modern technologies; future world order. (search for similar items in EconPapers)
Date: 2017
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