EU frozen out of Arctic opportunities by Russia sanctions – FT

Jun 9th 2025 11:59am EDT

The Northern Sea Route could substantially slash costs, but geopolitical risks deter major players, according to the newspaper Western sanctions on Russia have effectively cut off EU shipping firms from tapping into the Northern Sea Route (NSR), the shortest maritime link between Europe and the Asia-Pacific, the Financial Times has reported, citing industry sources. The […]

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