The move is aimed at boosting cargo movement through the Northern Sea Route and facilitating trade<\/p>\n
India and Russia will sign a pact to speed up operationalizing the Arctic shipping route as the countries take steps to achieve a targeted $100 billion in bilateral trade.
\nRussian Prime Minister Mikhail Mishustin posted on the official portal of regulatory legal acts on Tuesday that Rosatom\u2019s proposal to develop cooperation in maritime cargo transportation along the Northern Sea Route (NSR) has been approved.
\nThe Arctic route will provide India with alternative passages to ship commodities to markets in eastern and northern Europe, saving up to 40% in distance and about two weeks of travel time compared to traditional routes through the Suez Canal.
\nThe uncertainty over the transit of commercial shipping through the Strait of Hormuz after the Middle East conflict began late in February has impacted India, which is heavily dependent on energy imports.
\nThe Arctic route pact would also be a significant boost to efforts by Russia and India to achieve the targeted $100 billion in bilateral trade by 2030.<\/p>\n
\ud83c\uddf7\ud83c\uddfa\ud83c\uddee\ud83c\uddf3 Russia Moves To Fast-Track Arctic Trade Route With IndiaRussia has authorized state nuclear giant Rosatom to sign an MoU with India to expand cooperation on cargo transport through the Northern Sea Route (NSR) – the shipping corridor that could emerge as an alternative to\u2026 pic.twitter.com\/ByP8NnqUNP\u2014 RT_India (@RT_India_news) July 15, 2026 <\/p>\n
Rosatom was instructed to sign the memorandum on behalf of the Russian government, Mishustin posted. Rosatom, which has assets in power engineering, machine building, and construction, is Russia\u2019s designated operator and coordinator of the NSR.
\nThe state-owned conglomerate also manages Russia\u2019s unique fleet of nuclear-powered icebreakers, essential for keeping the Arctic shipping lane navigable.
\nIn June, Aleksey Chekunkov, Russia\u2019s minister for the development of the Far East and the Arctic, said India is considering increasing its use of the NSR in the wake of disruptions to seaborne trade in the Strait of Hormuz.<\/p>\n
Read more<\/p>\n
India eyeing Arctic route amid Hormuz crisis \u2013 Russian minister<\/p>\n
India and Russia formalized the Reciprocal Exchange of Logistics Support (RELOS) pact during President Vladimir Putin\u2019s visit to New Delhi in December. The pact offers India access to ports along the NSR, from Vladivostok to Murmansk.
\nThe outcomes of Putin\u2019s trip also included the expansion of logistics links to develop the International North-South Transport Corridor (INSTC), the Chennai\u2013Vladivostok corridor \u2013 also known as the Eastern Maritime Corridor (EMC) \u2013 and the NSR.
\nPutin said that cooperation on the 3,500-mile NSR, the 4,500-mile INSTC, and the 6,450-mile EMC would accelerate under the new bilateral agreement.<\/p>\n","protected":false},"excerpt":{"rendered":"
The move is aimed at boosting cargo movement through the Northern Sea Route and facilitating trade India and Russia will sign a pact to speed up operationalizing the Arctic shipping…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[4,6,3],"tags":[],"class_list":["post-37163","post","type-post","status-publish","format-standard","hentry","category-economy","category-environment","category-politics"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t