MOSCOW - Russian President Vladimir Putin on Sunday announced a sweeping plan to expand the country's railway network, including major projects in the Arctic, as part of a broader effort to strengthen Russia's position as a key logistics hub across Eurasia.

Speaking in a video address marking Railway Workers' Day, Putin said Russia's railway sector is undergoing significant development.

"There are plans to lay new routes and upgrade existing ones in northern Arctic territories, including the Komi Republic and the Yamal region," Putin said, noting that the projects are strategically important not only for improving domestic connectivity but also for bolstering Russia's role in global supply chains.

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"These efforts will reinforce Russia's status as a major logistical link across the entire Eurasian continent and create new opportunities for globally competitive transport corridors, including the Trans-Arctic corridor," he said.

Putin also highlighted plans to build a high-speed rail line between Moscow and St Petersburg. Set to launch by 2028, the project is expected to cut travel time between the two cities to just 2 hours and 15 minutes.

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"This will be the country's first high-speed rail line, to be followed by an entire network of such routes," Putin said, expressing confidence that the projects will meet the growing transportation needs of both Russian citizens and the national economy.