South Korea to Subsidize Construction of Ice-class Vessels and Expand Port in Support of Arctic Shipping South Korea announced substantial budget increases to support expansion of the port of Busan, readying it for future Arctic traffic and subsidizing domestic construction of ice-class ships. Capturing the promise of growing Arctic shipping traffic is part of efforts to revitalize the country’s southern industrial region.
What the One Big Beautiful Bill Act Entails for the Arctic While US President Trump's One Big Beautiful Bill Act has been heavily criticized for its tax reliefs for the wealthy and significant cuts in welfare spending, the country's Arctic state, Alaska, may benefit from its implementation.
Russia to Increase the Northern Fleet’s Combat Readiness and Strengthen Arctic Shipbuilding and Port Capacity Strengthening Russia's military capabilities and increasing the Northern Fleet's combat readiness are prioritized tasks to secure national interests in the Arctic, said Presidential Aide Nikolai Patrushev during a Murmansk visit. He also announced increased efforts to develop the Northern Sea Route.
