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Russia may allow foreign vessels to ship oil and gas via NSR

A new Russian bill on the Northern Sea Route may allow foreign ships to transport hydrocarbons
By Staff reporter 26 March 2018 Europe & Russia / Global Markets 0 30157

A bill drawn up by Russia’s Ministry of Industry and Trade on shipping hydrocarbons via the Northern Sea Route (NSR) envisages priority rights for Russian vessels but does not exclude foreign ships, the ministry’s press service told Interfax.

“The bill does not talk about restrictions, or furthermore, bans on the use of some vessels of others. The bill is geared towards creating priority rights in use of domestic ships, but also allows for the possibility of using vessels built outside Russia,” the ministry said.

The bill suggests...