Arctic exploration rises to new level

12.12.2018

The Russian State Duma passed the third reading of the law defining the powers of the Rosatom State Corporation in the Northern Sea Route and adjacent territories. The law has been prepared in pursuance of the government's initiative to set up an infrastructure operator of the Northern Sea Route. The document envisages vesting Rosatom with the infrastructure operator functions. It will be responsible for the development of the port and energy infrastructure along the Northern Sea Route and adjacent territories, navigation and safety of navigation.

The Russian president set the task to increase shipping on the Northern Sea Route to 80 million tonnes by 2024. this is a very ambitious and challenging goal. In order to meet it we need a clear idea of shipping volumes and forwarders and also the company who will be in charge of the integrated strategy for the Northern Sea Route development, Igor Igoshin, member of the State Duma's Committee on regional policy and North and Far East affairs, told the Energy Expert Center, BelTA has learned.

The law confers powers on Rosatom to provide year-round navigation on the Northern Sea Route and the development of its infrastructure. Russia is the world’s only country with an nuclear icebreaking fleet, which is under Rosatom’s control, the expert said.

"Therefore, vesting Rosatom with the appropriate powers looks quite logical. The new law means that the Arctic exploration rises to a new level. An infrastructure operator will help us move forward to a new stage in the development of the Northern Sea Route and adjacent territories. Attention to the legislative regulation of the Arctic area shows that, despite difficulties and serious challenges, the state is determined to continue its large-scale work on the exploration of the Arctic since this area is of great importance for the country’s defense capabilities, economic and technological development,” said Igor Igoshin.

Tags: nuclear industry , Russia

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