'Russia pins hopes on its Arctic riches'

from voice of russia..........

"“Recently, we had a very successful trial delivery of oil and gas via the northern sea route. Forecasts say that by the end of this year, the total volume of the cargos delivered by the northern sea route may make 700 thousand tons. And, I hope, this is only the beginning. We are launching a large-scaled project which needs a contemporary infrastructure. It will stir the economic development of Russia’s northern territories – and it will create thousands of new jobs. We intend to modernize the already existing sea ports and to build new ones, like the port “Varandey” in the Yugorskiy Shar Strait, and the port “Sabetta” on the Yamal Peninsula. And, of course, other kinds of traffic in these regions – river traffic, highways, railways, airports – will also develop.”...............READ MORE