Huge budget deficit is building up in Russia’s economy
Moscow’s oil and gas revenues plummeted 46% in January-February. According to the Russian Ministry of Finance, federal budget revenues in
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Business (Russia)
Russian oil company makes it through Arctic ice to Cape Tanalau
Ice lies thick on the Yenisey River as nuclear-powered icebreaker “Sibir” escorts a cargo ship to the remote terminal applied
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Russia continues big dig on Arctic seabed
A total of 13,5 million cubic meters of sea bottom is to be removed this year as part of Moscow’s
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Moscow say’s it won’t lower ambitions in Arctic
The capacity of seaports along the Northern Sea Route will reach 83 million tons in 2024, Deputy Prime Minister Yuri
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Profit drops for Nornickel in Arctic Russia
Nornickel still earns very big money, but war-related sanctions and reorientations of sales to new markets were factors causing net
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Murmansk to expand lithium mining, eyes battery production
Two mines with major reserves of the valuable metal are ready to be developed in the Kola Peninsula. According to
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Kola Peninsula sees drop in mining
Industrial output, measured in volume, decreased by 4,1 percent from 2021 to 2022, according to data by Murmanskstat, the regional branch
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Construction starts at new Murmansk LNG hub
War and international sanctions notwithstanding, the Russian natural gas company forges ahead with the development of its grand Arctic projects.
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Russian Arctic LNG advances in European market
While deliveries of pipeline gas are dwindling, shipments of liquified natural gas from Russia’s far northern Yamal Peninsula to Europe
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More Russian Arctic oil via Murmansk redirects to India
The“Surgut” is one of the supertankers loaded with crude oil from Murmansk now sailing past Europe and instead heading to
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Amid plummeting export, Gazprom opens new Arctic field
The Semakovskoye natural gas field is located offshore in the far northern Gulf of Ob. In a statement, Gazprom CEO Aleksei
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New icebreaker has major importance for Northern Sea Route, says Rosatom
The “Ural,” Russia’s third vessel of the powerful LK-60 class, makes its maiden voyage to its home port of Murmansk.
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As EU oil ban approaches, a Russian tanker tests Arctic route to China
The 257 meter long oil tanker “Vasily Dinkov” sails the Northern Sea Route to the Chinese port of Rizhao. The
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Ice conditions on Northern Sea Route may pose navigation challenges this season
Last year’s early freeze triggered a critical situation with more than 20 vessels stuck in thick ice. This year, the
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Isolated Russia seeks way out through Arctic waters
With export corridors under pressure, Russia should look towards the Northern Sea Route, Deputy Prime Minister Aleksandr Novak says. “With
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