Business programme

Oceans and Global Transformation: What Kind of Fleet does RUSSIA and the World Need?

16 Jun , 09:00–10:15
The New Economic Order: Responding to the Challenges of the Time

Two years ago, the pandemic exposed the critical vulnerability of the world economy to disruption of maritime transport. Today, with the biggest economic war in history in the West and quarantine restrictions in the East, international maritime trade is under unprecedented pressure. Restrictions on freedom of navigation, which accounts for up to 90 per cent of all the world's moving cargo, have multiplied costs, disrupted routes tried and tested for decades, and ramped up inflation everywhere. The Russian merchant fleet is faced with widespread sanctions pressure caused by the desire to exclude the country from global logistics chains. Under these circumstances, the task of building a new connectivity of countries and regions comes to the fore. This will require the reopening of inland waterways and the accelerated development of promising maritime routes and a new fleet to operate and service them. What kind of fleet would it be and would it be possible to 'switch' logistics to new trade routes? How to ensure year-round navigation and integrate Russian rivers into international transport corridors? What is the potential of the Northern Sea Route and why is the icebreaking programme especially relevant today? Where can the Russian shipbuilding industry attract investment in the face of external constraints?