Rosatom looks to invest $7 billion to create an Arctic shipping service
Most studies suggest shipping along Russian's Northern Sea Route will not be economical for some time — at least, not without subsidies.
Russia’s Rosatom Group plans to spend $7 billion to become one of the world’s largest container shipping operators. The company aims to offer container liner service along the Arctic’s Northern Sea Route, a shortcut between Asia and Europe, competing with the Suez Canal.
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