In 2027, Russian authorities plan to allocate 9.8 billion rubles (over $115 million) for the development of port infrastructure along the Northern Sea Route (NSR), as outlined in a draft federal budget note for 2027 and forward-looking period of 2028 - 2029.
For 2027, 387.8 million rubles ($4.57 million) will be allocated to organize regular shipping operations along the NSR. Allocations for this purpose are set at 408.2 million rubles ($4.81 million) for 2028 and 408.2 million rubles ($4.81 million) for 2029.
In total, more than 100 billion rubles (over $1.18 billion) is earmarked for the development of the Greater NSR during this period.
Alex Shishlo, Editor in Chief of the European Bureau, Rough&Polished
