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The development of Arctic territories and waters to organize the production of hydrocarbons and metals requires the enhancement of freight logistics on the NSR. Leading ocean carriers have a practical interest in the NSR in view of the possibility of reducing the goods shipping arm from Asia to Europe and back. With efficient management of cargo traffic and the availability of icebreakers, the NSR can prove to be more competitive than traditional logistics routes.
Mining minnow Amur Minerals (LSE: AMC) is charging higher today after the company announced the signing of a Financial Advisory Agreement with the Russian Government's Far East and Baikal Region Development Fund.

The Far East and Baikal Region Development Fund plans to cooperate with the BRICS New Development Bank (NDB) within the framework of investment projects in Russia’s Far Eastern Federal District, General Director of the Fund Alexei Chekunkov said on Wednesday at the press conference in TASS.

07 july 2015
Russia & India Report
Alexei Chekunkov, CEO of the Far East Development Fund spoke to RIR about the prospects for priority development of areas in the Russian Far East and how Indian investors have expressed interest in developing tourist facilities.
The Far East and Baikal Region Development Fund plans to cooperate with the BRICS New Development Bank (NDB) within the framework of investment projects in Russia’s Far Eastern Federal District, General Director of the Fund Alexei Chekunkov said on Wednesday at the press conference in
In Asian business community Mr. Aleksey Chekunkov is known as one of the founders of the $2Bn Russia-China Investment Fund and from October 2014 as the Head of the Far East development fund, a subsidiary of the State-owned Vnesheconombank (3.8 trillion rubles in assets).
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