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Russia Advances $118B Vostok Oil Arctic Project Despite Sanctions
OilPrice.com·RU·about 13 hours ago
Russian authorities have expropriated at least 18 port and maritime companies since 2021, with 11 located in the Trans-Arctic Transport Corridor promoted by presidential aide Nikolai Patrushev. This pattern indicates state consolidation of strategic maritime assets, likely to strengthen state control over Arctic shipping routes. The move signals a shift toward greater state ownership in critical infrastructure, with implications for foreign investment and Arctic trade dynamics.
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