Russia Ramps Up Arctic Oil Exports as Global Shipping Crisis Disrupts Trade Routes(opens in a new tab)
Russia is set to boost its Arctic oil exports via the Northern Sea Route as global shipping disruptions tighten freight routes.
Event
Russia increases Arctic oil and LNG exports amid global shipping disruptions
Russia has moved nearly 20 million barrels of crude to Asia via the Northern Sea Route this season, surpassing last year’s total. President Putin said cargo turnover through the route would expand, and officials expect LNG exports to grow with the launch of new Arctic shipments.
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Moderndiplomacy Timesofindia Russia ships 20 million barrels of oil to Asia via Arctic route amid shipping disruptions: Report(opens in a new tab)
Russia has moved nearly 20 million barrels of oil to Asia via the Northern Sea Route this season, exceeding last year’s total and drawing on a surge in demand amid Suez‑Canal and other disruptions.
