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Wednesday, 03 November 2021 00:00

Moscow and Seoul plan to develop cooperation in the Arctic

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Minister for the Development of the Far East and the Arctic Alexey Chekunkov and Chairman of the Committee for Northern Economic Cooperation under the President of the Republic of Korea Park Jung Soo discussed issues of cooperation between countries in the Arctic region.
"Over the eight months of this year, the trade turnover between the Republic of Korea and the Russian Federation increased by 56.8% and amounted to $19.2 billion. The volume of trade... it grew by 14%," the Ministry of Regional Development of Russia said in a statement.

According to Chekunkov, Moscow and Seoul are considering new joint projects in the field of healthcare, port infrastructure, ship repair, tourism, agriculture, science and technology, and hydrogen energy.

"Russia's chairmanship in the Arctic Council... creates additional opportunities for expanding Russian-Korean cooperation in the Arctic... We have taken the bar for the transportation of hydrocarbons — the Northern Sea Route is already a recognized international transport route for the transportation of liquefied natural gas," the ministry noted.

One of the priority goals at the moment is to make the Northern Sea Route the same route for containers.

In October, the Ministry of Regional Development of Russia and the Rosatom State Corporation prepared a project for regular transportation along the Northern Sea Route (NSR) using the Sevmorput lighter carrier.

Source: https://russian.rt.com/russia/news/923664-moskva-seul-arktika

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