On Wednesday, Russian President Vladimir Putin launched a new nuclear-powered icebreaker ship called "Chukotka." It is part of a Russia's new fleet of ships that are meant to boost navigation along the Northern Sea Route (NSR) in the Arctic. As Russia ramps up production of icebreaker ships, India has secured a contract to build four for Russia. This comes as a big boost for India's shipbuilding capabilities and positions India as a key player in the Arctic.