Russia, China sign agreement to boost operation in the Arctic
During the 2019 St. Petersburg International Economic Forum, Novatek, Sovcomflot, Cosco Shippinh Corporation Limited, and the Silk Road Fund Co., Ltd, signed a four-party agreement to establish a joint venture Maritime Arctic Transport LLC. The focus of the Maritime Arctic Transport joint venture is to manage an icebreaking tanker fleet of Arctic ice-class vessels.
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