Russia maintains oil export volumes by increasing supplies along the Northern Sea Route

Russia is increasing oil supplies via the Northern Sea Route (NSR), maintaining historically high export rates, reducing delivery times and helping to avoid problems related to the conflict in the Middle East, Bloomberg states.

 

This year, NSR deliveries started earlier than usual and will exceed the scale of previous years. Six tankers are involved in the deliveries, instead of one last year, and nuclear icebreakers provide the ships’ wiring.

 

4.07 million barrels per day are the current offshore shipments of Russian oil abroad. This is 5.4% higher than last week. The average daily volume of supplies since the beginning of the year exceeds the figures since the beginning of the conflict in Ukraine.

 

1.61 billion dollars per week is the cost of supplies in July. This is $80 million per week higher than in the previous month.

 

KRISTALL OF GROWTH previously cited Alexander Galushka’s opinion that a new logistics architecture is being formed in the world, in which Russia has a strong position, and also informed that the TTK, of which the Northern Sea Route is a part, is a safe alternative to traditional logistics routes. “The Transarctic corridor should become year—round,” the Head of the Russian State said at the WEF-2025. In turn, the Crystal of Growth Foundation proposed a model for ensuring the regularity and safety of transportation on the TTK