Journal of Applied Economic Research
ISSN 2712-7435
Prospects of Trade and Economic Cooperation Between Russia and China to Explore the Potential of the Northern Sea Route
Koretskaia-Garmash V.A., Garmash S.R., Jun M.
Abstract
The article explores the problem of developing the transport route of the Northern Sea Route from the perspective of world leaders - Russia and China. The purpose of the article is to develop recommendations on the use of the Arctic sea route to ensure mutually beneficial cooperation between Russia and China to expand the geography of cargo deliveries to consumers from Europe and North America through Chinese investment in Russian projects that provide ice-class vessels in winter-spring navigation to the east part of the Northern Sea Route. The difficulties of exploitation of the Northern Sea Route faced by Russian and foreign maritime partners are revealed. The features of the use of ice class vessels in the Arctic and non-Arctic seas depending on the navigation period are indicated. The analysis of the results of the operation of the transport route of the Northern Sea Route as a whole and as a commercial cargo route from / to China for 2012-2018 is carried out. The operation schemes of international ports are presented that provide the transit of goods from China to Europe via the Northern Sea Route for 2011-2018. The volumes of Chinese exports for the period from 2012 to 2017 were examined; commodities were identified for which there was an increase or decrease in the volume of export deliveries. A list of popular Chinese products for international buyers has been compiled. It is concluded that China will be used as a potential investor to finance projects for the construction and operation of icebreakers that provide icebreaking assistance for vessels in the winter-spring period of navigation in the Eastern Arctic. It is necessary to develop the Northern Sea Route together with rail and / or road connections in the eastern part of the Arctic as that would make it possible to increase cargo turnover, expand the geography of sales of goods, and ensure continuous delivery of goods to hard-to-reach places and territories. The results obtained are of interest to Russian and Chinese investors who participate in in the project of the New Silk Road economic belt.
Keywords
Northern Sea Route; economic cooperation; trade; China; ice-class vessels; navigation.
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About Authors
Koretskaya-Garmash Victoria Aleksandrovna – Candidate of Economic Sciences, Associate Professor, Department of Financial and Tax Management, Ural Federal University named after the first President of Russia B.N. Yeltsin, Ekaterinburg, Russia (620002, Ekaterinburg, Mira street, 19); e-mail: vkoretskaia-garmash@urfu.ru.
Garmash Sofia Romanovna – Student, Ural Federal University named after the first President of Russia B.N. Yeltsin, Ekaterinburg, Russia (620002, Ekaterinburg, Mira street, 19); e-mail: gsofka2641@gmail.ru.
Jun Ma – Philosophiae Doctor, Professor, Deputy Director, Department of Taxation, National Academy of Economic Strategy, Chinese Academy of Social Sciences, Beijing, China (No. 28, Shuguang Xili, Chaoyang District, Beijing 100028, China); e-mail: majun@cass.org.cn.
For citation
Koretskaya-Garmash V.A., Garmash S.R., Jun M. Prospects of Trade and Economic Cooperation Between Russia and China to Explore the Potential of the Northern Sea Route. Bulletin of Ural Federal University. Series Economics and Management, 2019, Vol. 18, No. 5, 610¬-636. DOI: 10.15826/vestnik.2019.18.5.030.
Article info
Received September 5, 2019; Accepted September 19, 2019.
DOI: http://dx.doi.org/10.15826/vestnik.2019.18.5.030
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