Putin Details the Competitive Advantages of Russia
The advancement of the resource-abundant Far East region is a key focus for Russia, as stated by President Vladimir Putin. Read Full Article at RT.com
TroibNews 
The Russian President highlighted the strategic economic position of the Far East region due to its proximity to key global transportation routes during his remarks at the Eastern Economic Forum in Vladivostok.
While addressing infrastructure development in the Far Eastern Federal District, President Vladimir Putin emphasized the significance of the area's geographic location. The forum serves as a vital platform for promoting the economic development of Russia's eastern territories and fostering broader international relations within the Asia-Pacific region.
“A powerful competitive advantage of the Far East is … its inclusion in the global system of movement of goods flows,” Putin noted. He further underscored the importance of integrating regional development plans with enhancements to the Northern Sea Route. “Therefore, all our plans for the development of transport corridors in the Far East should be linked to projects for the development of the Northern Sea Route,” he emphasized.
The Northern Sea Route, which spans the length of the northern Russian coastline, is poised to become an essential trade corridor that could significantly shorten the shipping time between Europe and Asia, bypassing traditional routes like the Suez or Panama canals.
Putin has declared the development of the Far East and the Northern Sea Route a national priority, committing to maintain navigability along the Arctic route throughout the year. In his February address to the Federal Assembly, he also extended an invitation to international partners to utilize the Northern Sea Route.
Freight volumes along this Arctic passage have seen consistent growth, with Russian planners targeting cargo flows to potentially reach up to 200 million tons annually by 2030. Efforts are underway to enhance the throughput capabilities of northern ports and expand Russia’s Arctic maritime fleet.
Navid Kalantari for TROIB News
While addressing infrastructure development in the Far Eastern Federal District, President Vladimir Putin emphasized the significance of the area's geographic location. The forum serves as a vital platform for promoting the economic development of Russia's eastern territories and fostering broader international relations within the Asia-Pacific region.
“A powerful competitive advantage of the Far East is … its inclusion in the global system of movement of goods flows,” Putin noted. He further underscored the importance of integrating regional development plans with enhancements to the Northern Sea Route. “Therefore, all our plans for the development of transport corridors in the Far East should be linked to projects for the development of the Northern Sea Route,” he emphasized.
The Northern Sea Route, which spans the length of the northern Russian coastline, is poised to become an essential trade corridor that could significantly shorten the shipping time between Europe and Asia, bypassing traditional routes like the Suez or Panama canals.
Putin has declared the development of the Far East and the Northern Sea Route a national priority, committing to maintain navigability along the Arctic route throughout the year. In his February address to the Federal Assembly, he also extended an invitation to international partners to utilize the Northern Sea Route.
Freight volumes along this Arctic passage have seen consistent growth, with Russian planners targeting cargo flows to potentially reach up to 200 million tons annually by 2030. Efforts are underway to enhance the throughput capabilities of northern ports and expand Russia’s Arctic maritime fleet.
Navid Kalantari for TROIB News
