News Details

Agreement inked for integrated development of Northern Sea Route


The Russian Direct Investment Fund, an investment fund of the Russian Federation, investing together with foreign investors in Russian assets; ROSATOM—the infrastructure operator of the NSR; Norilsk Nickel—the world leader in the production of palladium and high-quality nickel, and DP World have agreed to jointly implement a project for the integrated development of the Northern Sea Route (NSR), said a release.


The quadrilateral agreement of intent was signed on June 6, 2019 during the St. Petersburg International Economic Forum. The agreement outlines a comprehensive piece of work which will study of the most effective commercial options for the use of the Northern Sea Route. The parties intend to create a strategic partnership in the form of a joint venture for the development of transit cargo traffic through the NSR.


The key objective of the project is to increase the volume of freight traffic through the NSR and the Arctic zone of the Russian Federation. The focus will be on linear transportation of containers and other bulk cargo along the Northern Sea Route, the release added.


Source : Exim News Service - Dubai, June 11


click here!!

Search News

Currency Import Export
U.S.Dollar 71.97 71.07
U.K.Pound 90.07 88.29
Euro 79.86 78.50

As On 16th September, 2019

more forex rates...

Currency Import Export
U.S.Dollar 72.80 71.10
Sterling Pound 89.65 86.50
Euro 80.80 77.85

w.e.f.6th September, 2019

more custom rates...