Northern Sea Route - Russia and China: competition or partnership

Authors

  • Elnur Mekhdiev Center for Analysis, Risk Management and Internal Control in Digital Space, Financial University under the Government of the Russian Federation, Moscow, Russia
  • Ekaterina Zakharevich Department of World Economy and International Business, Financial University under the Government of the Russian Federation, Moscow, Russia.
  • Parvana Mammadova Department of Industrial Economics and Management, Azerbaijan Technical University, Baku, Azerbaijan Republic
  • Farrukh Jumayev Economics Department, Kyung Hee University, Seoul, Republic of Korea.

DOI:

https://doi.org/10.52459/jowett3110102

Keywords:

Northern Sea Route, Russia, China, Competition, Partnership

Abstract

The Northern Sea Route (NSR) is one of Russia’s and Eurasia’s key arteries as a whole, connecting Asia and Europe. Being the shortest and the most difficult route for navigation, the NSR is of great interest for exploring its development potential, especially taking into account the fact that a new player is appearing in the Arctic arena: we speak about China. Within the article, the authors raise the question of what kind of future the NSR will have in the context of cooperation or competition between the Russian Federation and China in the development and in the NSR capacities development. Within the research a quantitative analysis of the goods’ and ships’ traffic by the NSR is carried out; the authors also make forecasts about its development for the period up to 2025. The authors come to the conclusion that traffic along the NSR is growing, but slowly; the Chinese presence is currently insignificant, that’s why the Russian Federation will have to develop the NSR without the active PRC’s support. Competition on the way will be delayed to a higher level of NSR infrastructure’s development.

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Published

2021-04-28

Issue

Section

Articles