The Northern Sea Route: Russia's Strategic Advantage

Abstract

Due to the escalation of contradictions and conflicts between the major economic centers of the global economy and the mounting geopolitical risks faced by Russia and its partners, the expansion of trade routes linking key transportation and logistics hubs in Europe and Asia has become particularly significant. The development of the Northern Sea Route, which involves the allocation of federal budget funds, has been planned by the President and Government of Russia to promote its growth. The development of this route is crucial for the autonomous development of the Russian Federation and its strategic allies. Establishing a dependable and secure transport corridor that guarantees the transport integrity of the Russian Arctic zone and facilitates trade logistics with vital partners in Asia is a key priority of Russia's state policy in the forthcoming decades. The formation of public-private partnerships, requiring active cooperation between business and government, is essential for realizing this development. At the same time, the present geopolitical situation not prompts certain investors to leave the market, it unambiguously creates the preconditions for the emergence of new participants in the investment process. The study aims to evaluate the feasibility and attainability of Russian plans for the development of the Northern Sea Route in the current geopolitical environment. The author undertook an analysis of the adopted documents, identifying the risks and outcomes of their implementation.