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Why the Northern Sea Route is a risky bet for global trade

Russia wants its Northern Sea Route to become an important artery of global trade. However, the arctic shortcut between Europe and Asia is fraught with both political and environmental hurdles. The Iran war and resulting blockade of the Strait of Hormuz have focused minds on international shipping. Russian officials are promoting the Northern Sea Route (NSR), an Arctic sea lane running along their country’s northern coast. President Vladimi... [6863 chars]

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