Once fully operational, the NSR is expected to allow the shipment of goods between Asia and Europe in as little as 19 days, 40% - 60% faster than shipments via the Suez Canal or the Cape of Good Hope, respectively.
The Northern Sea Route would allow Russia to become a major player in the transit of
trillions of dollars of trade annually, and ease the development and exploitation of Russian territories in the Far North – including vast, untapped reserves of oil and gas.
According to a
2021 estimate by the Pentagon, the Arctic may contain nearly a third of the world's undiscovered reserves of natural gas, as well as more than a trillion dollars of rare-earth minerals.
What is Northern Sea Route and How Will It Help Make Russia Arctic Superpower? (sputnikglobe.com)