Ukraine

Analysis: Putin’s Port Project to Divert Russia Urals Oil to Baltic

April 12, 2012 by

In a move to further expand Russia’s market into the world system, Moscow commissioned a port to be constructed on the Baltic Sea, thus creating a route in which oil from the Urals could be traded more easily in the European market. Concerns over expected future production levels—Russia’s current volume has been deemed unsustainable when compared to overall project cost—have been leveled against Moscow.