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Northern Sea Route cargo turnover may exceed planned figures by 2 mln in 2022

By 2035, transportation along the Northern Sea Route will exceed 200 mln metric tons

ST. PETERSBURG, November 22. /TASS/. The volume of cargo turnover along the Northern Sea Route in 2022 is expected to reach around 34 mln metric tons, which is 2 mln more than the planned figures of the corresponding federal project, Rosatom CEO Alexey Likhachev announced on Tuesday.

The ceremony of raising the Russian flag on the icebreaker Ural and the launching of the icebreaker Yakutia was held on Tuesday in St. Petersburg. Russian President Vladimir Putin participated in the ceremony via video call.

"This year, we expect the cargo turnover along the Northern Sea Route to be around 34 mln metric tons. This is two mln metric tons higher than the target figure in the corresponding federal project on the Northern Sea Route. In terms of Russian cargo transportation, Russian shippers - it is around 800,000 metric tons more than the record-breaking figure of last year," Likhachev said in his report to the president.

By 2035, transportation along the Northern Sea Route will exceed 200 mln metric tons. The overall macroeconomic effect will exceed 33 trillion rubles ($543.49 bln), Likhachev specified. "We expect corresponding tax revenues of over 13 trillion rubles," he concluded.

Rosatom's CEO also stated that in the near future, more than 70 ice-class vessels - both icebreaking and cargo - will be built to assure export and domestic transit.

President Vladimir Putin said at a flag raising ceremony on board the Ural icebreaker and the Yakutia icebreaker launch that the importance of the Northern Sea Route will increase manifold and the development of northern regions will support Russia's future to a significant degree.