DYSPEPSIA GENERATION

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The Polar Silk Road

18th June 2023

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Warming temperatures and thawing sea ice could soon allow for the expansion of maritime routes through the Arctic region at certain times of the year. Polar powers looking to capitalize not only on the shortened shipping lanes but also on the natural resources that exist there are eyeing up this geopolitically strategic space, with Russia and also China, which is a part of the Arctic Council and a self-defined ‘near-Arctic state’, having become two of the most prominent players in the region.

Currently, the main shipping route between Asia and Europe passes from China to Rotterdam via the Suez Canal. But the fragility of the transit route was revealed in 2021 when the Ever Given ship blocked the passage, halting traffic for 7 days. And so a new route through the Arctic could save time for the transportation of goods.

In 2018, Beijing released a white paper on how China could extend its Belt and Road Initiative to the Arctic region, suggesting that polar stakeholders could work together on connectivity and economic and social development, including the exploration and exploitation of resources such as oil, gas and minerals, as well as on scientific research into the effects of climate change on the region. According to Deutsche Welle, the United States is worried about what this means, while Russia “smells business.”

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