Why China & Russia Betting BIG On Arctic Sea Route Amid Global Trade Crisis | Explained
20 days from China to Britain — that is the claim of Chinese shipping company Sea Legend, which has launched the first regular container service along the Northern Sea Route through the Arctic. The route cuts journey times roughly in half compared with traditional paths via the Suez Canal or Strait of Hormuz. Running 3,500 miles along Russia’s Arctic coast, the corridor is only navigable for a limited seasonal window that climate change is gradually extending. Russia under Putin has long promoted the route as a strategic trade corridor, while China sees it as a key part of its Polar Silk Road vision under the Belt and Road Initiative. With the Red Sea and Hormuz disrupted by regional conflicts, interest in the Arctic alternative is rising fast.
#china #russia #hormuz #putin #xijinping #arctic #trade
Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you.
Click here to download the Mint App: https://livemint.onelink.me/MrDS/p0kx3pdg
Now make Mint your preferred source on Google and get business & finance updates first.
Add here – https://www.google.com/preferences/source?q=mint
Subscribe to Mint Premium Now: https://www.read.ht/Scaq
Subscribe to Mint’s WhatsApp Channel: https://whatsapp.com/channel/0029Va91YSeGehEM6oMesj3d

