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Northern Sea Route can provide trade solutions amid Hormuz crisis — Sechin
It is capable of providing global trade with reliable logistics solutions, reducing cargo delivery times by 1.5-2 times and cutting costs by 20-30%, Executive Secretary of presidential commission on fuel and energy sector development strategy and environmental security and Rosneft CEO said
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tass.com
Global market facing shortage of tankers, rising freight costs — Novak
This is due to Hormuz Strait closing and infrastructure damage in Persian Gulf nations, the Russian deputy prime minister said
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cnbc.com
Russia's Sechin says U.S. companies benefit from the closure of the Strait of Hormuz
The closures of the Strait has rattled global markets, sending oil prices to multi-year highs, stoking global inflation and undermining economic growth.
