Evaluation of the Economic Effectiveness of International Traffic Along the Northern Sea Route

Student: Ustinov Demyan

Supervisor: Ilya A. Stepanov

Faculty: Faculty of World Economy and International Affairs

Educational Programme: World Economy (Master)

Year of Graduation: 2019

The Northern Sea Route is the exclusive economic zone of the Russian Federation, the historically established single transport structure, which consists of the water area and inland waters between the Novaya Zemlya archipelago (from Cape Zhelaniy) and the sea border with the USA near the port of Providence. Russia has the largest territory in the Arctic Circle, where huge amounts of natural resources are located. The development of energy projects and an increase in freight traffic along the Northern Sea Route are prospects for economic growth not only in the northern region, but also in the whole country. The work is done, the study features of the Arctic region, the analysis of the main components of the costs on the routes of the NSR, comparing the Northern Sea Route with alternative routes.

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