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China and South Korea launch Arctic routes as Europe falls behind
๐Ÿ“ˆ Business

China and South Korea launch Arctic routes as Europe falls behind

Chinese and South Korean shipping companies are launching Arctic routes that can cut transit times by up to half compared with Middle East passages. Experts warn that Europe is deliberately staying out due to environmental concerns and caution over Russia sanctions. Analysts say Asia is seizing the initiative in the race for Arctic trade routes.

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