AICPA&CIMA - Азия Центральная

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31.03.2021 11:53 Аналитика
How the Northern Sea Route could affect global supply chains
While the frozen waters of the Arctic and the sun-baked Suez Canal sit half a world apart, an expanded trade route through the Arctic created by a major icebreaking effort could have a huge impact on the Suez Canal — and on supply chains worldwide as a result. Russia's stated intention to increase traffic along the 5,500-kilometre (3,400-mile) Northern Sea Route (NSR) was announced in an expansive plan on 30 December 2019. If realised, the plan would open up a sea route that remains impassable for much of the year because of heavy ice blockage. It directly reflects Russian President Vladimir Putin's target of annual cargo volumes passing through the Arctic reaching 80 million tons by 2024, a sharp increase over present levels, according to The Maritime Executive magazine. Citing figures from the Northern Sea Route Administration, the magazine stated that 31.5 million tons of goods were shipped via the passage in 2019. Finance...