The Northern Sea Route cargo transportation development

Abstract

The Northern Sea Route (or the Northern through-passage) is a transport corridor, the use of which is called on in order to increase the efficiency of the Russian economy, activate the natural resources exploration for sub-sovereign entities located in the Arctic zone of Russia. The study purpose is to determine the Northern Sea Route cargo transportation development contemplations in consideration of the observed changes in the world commodity markets. Comparative analysis and a systematic approach is used as the main research methods, which makes it possible to hold a holistic management of ROE of the Northern Sea Route development, implemented at the federal level to ensure a sustainable innovative development of the national economy and the effective use of its resource potentia. The main conclusion is that the volume of cargo transportation along the Northern Sea Route will grow, but at a slower rate than the forecast of the Ministry of Economic Development and will reach 46 to 50 million tons in 2024.