State nuclear agency Rosatom has confirmed it will take a stake in transport conglomerate Delo Group as part of Russia’s plans to capitalize on Arctic shipping routes.

In a statement published on Rosatom’s website Tuesday, the organization said the deal would “launch a global international transport and logistics business” to develop Russia’s infrastructure and capacity to benefit from goods shipments from Asia to Europe via the Northern Sea Route.

The Northern Sea Route is a shipping route that cuts across the Arctic, shortening journey times between Europe and Asia. A ship travelling from South Korea to Germany via the Suez Canal takes 34 days, compared to 23 via the Northern Sea Route, The Economist reported.