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Russian president wants to establish Northern Sea Route development agency

March 30, 2017, 16:36 UTC+3 ARCHANGELSK
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ARCHANGELSK, March 30. /TASS/. Russian President Vladimir Putin asked the government to consider the issue of setting up a separate agency responsible for development of the Norther Sea Route.

"I have already asked the government to examine establishment of a separate agency responsible for comprehensive development of the Northern Sea Route and adjacent support territories, including infrastructure, hydrography, security, governance and all the required services," Putin said on Thursday at the International Arctic Form.

Foreign companies are invited to take advantage of the Northern Sea Route, which will make possible to reduce costs and time of goods delivery between Europe and Asia, the head of state said.

Change of ice conditions and appearance of new vessels turn the Northern Sea Route into a nearly year-round transport corridor of great importance for the Russian and for the global economies, Putin added.

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