Category: Business

Russia has seen a significant increase in its oil exports through the Northern Sea Route (NSR) in 2026, surpassing last year's figures by almost 50%. Approximately 20 million barrels were transported to Asia between July and mid-October, according to traders and data analysis. The NSR, connecting Russia's western ports to Asian markets via icy Arctic waters, is usually considered a riskier and costlier route. However, this year, it gained more appeal due to disruptions in the Suez Canal, the Strait of Hormuz, and the Black Sea area. The surge in...