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Record ice cover in the Baltic Sea paralyzes Russian tankers, halts oil exports

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Exports of Russian oil through key Baltic Sea ports are at risk of disruption due to the largest ice formation in the Gulf of Finland in the past 15 years, Bloomberg informs. According to the outlet, the record ice cover and an acute shortage of ice-class tankers have led to a significant drop in oil shipment volumes. Specifically, in the first half of February, oil exports from the port of Primorsk fell by one-third compared to last year, and by 50% compared to the same period in 2024. The situation is further complicated by a severe shortage of icebreaker fleets in the region. Russian authorities are forced to urgently redeploy the ships Sibir and Murmansk from the Arctic, but their arrival is not expected until the end of the month. According to Alexander Kolesov, St Petersburg’s chief meteorologist, the ice coverage is continuing to expand. The last time similar conditions were observed was in February 2010 and 2011, he said. The situation is worsened by a severe shortage of tankers with reinforced hulls, which has caused delays in loading crude oil and fuel. To stabilise operations, Russia is redeploying the icebreakers Sibir and Murmansk from the Arctic, increasing the icebreaker fleet in the Gulf of Finland to six vessels by the end of the month. Meanwhile, the Russian Ministry of Transport has warned shipping operators to account for difficult conditions when planning voyages.
As a result, massive backlogs have formed at points where icebreaker convoys are assembled: ships are forced to wait 5–7 days for an escort.
In addition, a record 140 million barrels of crude oil remain "stuck" on tankers at sea, unable to reach buyers on time, forcing exporters to increase discounts on oil. Starting March 1, the ports of Primorsk, Vysotsk, and Ust-Luga plan to impose a complete ban on vessels without reinforced ice hulls, regardless of icebreaker escort. Such restrictions will apply if ice thickness increases to 30–50 centimeters. "It’s uncertain how the conditions are affecting the oil trade so far. There were 23 tankers in the area as of Monday. Of those, only three arrived last week but haven’t yet loaded, vessel tracking compiled by Bloomberg shows. However, oil exports from Primorsk fell to 490,000 barrels a day in the first half of February, a drop of a third from a year earlier and 50% from the same period in 2024."

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