​Russia’s Arctic Energy Expansion: A Geopolitical And Economic Gambit – Tyler Durden

Russia’s Arctic Energy Expansion: A Geopolitical And Economic Gambit Authored by Simon Watkins via OilPrice.com, Russia’s Arctic Northern Sea Route allows the country to continue exporting oil to China despite sanctions, highlighting the route’s strategic importance. Russia aims to significantly increase the NSR’s cargo capacity, supported by vast Arctic oil and gas reserves. This Arctic development serves both economic and geopolitical purposes, including reducing dependence on the US dollar in energy trade. The continued use of the Arctic Northern Sea Route (NSR) by Russian oil tankers sanctioned following its 24 February 2022 invasion of Ukraine underlines the ongoing critical importance of this…  — Continue at ZeroHedge News : Read More