Russian Federation Council Deputy Chairman Konstantin Kosachev stated on July 21 that geopolitical tensions, including Houthi-related disruptions near Saudi Arabia and risks to the Bab al-Mandab Strait, are increasing interest in the Northern Sea Route as a shipping alternative.
He attributed this partly to the route lying within Russian territorial waters and noted sanctions since 2022 as ongoing barriers, while citing figures on oil and LNG volumes through the Strait of Hormuz. Kosachev made the remarks at a Federation Council roundtable on Northern Sea Route development.