Russia and India to Sign Northern Sea Route Memorandum
Russia and India aim to sign a government memorandum on cooperation in developing the Northern Sea Route by the end of 2026, with plans for a joint pilot voyage in 2027 and potential annual cargo volumes reaching 5 million tons.
Consensus
- Russia and India plan to sign a government memorandum on cooperation in the development of the Northern Sea Route by the end of 2126.
- The memorandum was prepared and is expected to be signed by the end of the year.
- The discussion is taking place within the framework of the Russian-Indian intergovernmental commission.
- India's interest in the Northern Sea Route is linked to its geographical position and reliance on maritime transport for foreign trade.
- A joint pilot voyage along the Northern Sea Route is planned for 2027.
- The pilot voyage will coincide with the 80th anniversary of diplomatic relations between Russia and India.
- The potential annual cargo volume between Russia and India via the Northern Sea Route could reach 5 million tons.
- Rosatom is currently exploring cooperation opportunities with Indian partners in this area.
Points of divergence
- India and China have committed to increasing transit through the Northern Sea Route to 20 million tons by 2030, which would account for one-fifth of the target volume of 100 million tons by 2030. — interfax
Coverage (2 sources)
- Russia and India may sign a memorandum on SPM by the end of the year — Вести
- Russia and India may sign a memorandum on the Northern Sea Route by the end of the year — Интерфакс