Abstract:The “Polar Silk Road”, as an important part of the Belt and Road Initiative, shall transcend the bilateral cooperation between China and Russia into international multilateral cooperation. The needs of the countries along the Belt and Road and the potential peaceful situation in the Korean peninsula are the advantages. Meanwhile, the lack of political mutual trust, the conflicts of laws and the hostility from western countries make it difficult for the realization of the multilateral cooperation. In the future, China should enhance the BRI mechanism to promote the alignment of “Polar Silk Road” with existing governance mechanisms and strategies of the BRI partner countries, and to expand the participation of countries beyond the area, with the aim to lead the Arctic governance into a new stage of multilateral cooperation.