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What is Ice Silk Road?
In 2017, Chinese and Russian leaders jointly proposed the "Ice Silk Road (ISR)," with an aim to promote cooperation and development in the Arctic.The ISR is an open initiative that abandons geopolitical thinking and advocates cooperation and a win-win perspective.
China COSCO Shipping inks deal with Russian firm to set up JV for Arctic shipping
China COSCO Shipping inked a deal with the Silk Road Fund, Russian natural gas producer Novatek, and Russian maritime shipping company Sovcomflot last Friday in Saint Petersburg to establish a joint venture under the name of Maritime Arctic Transport LLC.
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