India Considers Northern Sea Route Potential

...? Obviously, the NSR is critical for Russia as it considers it a historical national transport route, like how Canada perceives the Northwest Passage. Geopolitical developments in the past two years have accentuated its importance for Russia due to sanctions. It serves as a major transport route in developing trade with East Asia, especially China. China-Russia trade turnover has reached USD 240 billion—poised to only grow higher—and the NSR is one of the routes that facilitates this trade. For instance, in 2023, 1.5 million tons of petroleum products were exported from Russia to China using this route. During the Saint Petersburg International Economic Forum (SPIEF), an agreement was ...