Putin invites foreign investors to help build Northern Sea Route hubs

FILE PHOTO:  Russian President Putin attends a meeting with his Finnish counterpart Niinisto on the sidelines of the International Arctic Forum in Saint Petersburg
FILE PHOTO: Russian President Vladimir Putin attends a meeting with his Finnish counterpart Sauli Niinisto on the sidelines of the International Arctic Forum in Saint Petersburg, Russia April 9, 2019. Sputnik/Mikhail Klimentyev/Kremlin via REUTERS/File Photo

April 9, 2019

ST PETERSBURG, Russia (Reuters) – Russian President Vladimir Putin on Tuesday invited foreign investors to take part in the construction of port infrastructure in Murmansk and Petropavlovsk-Kamchatsky that would serve the Northern Sea Route.

Speaking at an Arctic forum in the Russian city of St Petersburg, Putin also asked the government to draw up plans for tax relief that would promote the development of the Arctic region.

“We invite our foreign partners to joint work to create port hubs at the end points of the (Northern Sea) route,” Putin said.

(Reporting by Vladimir Soldatkin and Gleb Stolyarov; Writing by Tom Balmforth; editing by Maria Kiselyova)

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