China and Russia have decided to strengthen their ties in the Arctic by building new shipping and logistics hubs, Russian President Vladimir Putin said during a meeting with Chinese President Xi Jinping in Moscow.
During a joint press conference, Putin said that major progress had been made in developing and commercially using the Northern Sea Route (NSR), a key Arctic shipping route.
He stated that cargo and passenger traffic between the two countries has continued to grow every year, supported by expanding border crossings, some of which now operate 24/7. He added that new logistics hubs are now in development to support this growth.
Since Russia invaded Ukraine, trade between Moscow and Beijing has become the main source of traffic on the NSR. Last year, 95 percent of all cargo on the route was between China and Russia.
Putin said that Arctic logistics has been a long-term personal project for him, with ongoing
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