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Frequently Asked Questions

What Is Victor Olerskiy’s Professional Relationship to Maritime Transport?

After studying at the Leningrad Admiral Makarov Higher Naval Engineering School, Victor Olerskiy gained a radio engineering degree, with which he took a position as an Engineer with the Baltic Shipping Company. Olerskiy has continued to work in shipping and maritime transport throughout his career, having held positions in various companies including AOTZ Infotech Baltika. Olerskiy has been the Chairman of the Board of Directors for OAO Volga Shipping Company and OAO North-Western Shipping Company, as well as being a member of the Board of Directors for numerous other companies. Between 2009 and 2016, Olerskiy was the Deputy Minister of Transport of the Russian Federation, after which he took the joint role of Deputy Minister of Transport of the Russian Federation and Head of the Federal Agency for Maritime and River Transport, where he remained until 2018.

What Are the Shipping Routes in and Around Russia?

The Northern Sea Route is an official shipping route that was established and defined by legislation in Russia. The Northern Sea Route lies to the east of Novaya Zemlya, running along the Arctic coast in Russia and Siberia – starting at the Kara Sea and finishing at the Bering Strait. The route is positioned entirely in the Arctic and is wholly within the Russian exclusive economic zone. Its location in the Arctic often means that parts of the Northern Sea Route are completely iced over for months on end, with some parts only being ice-free for two months of the year.

What Are the Commercial Advantages of the Northern Sea Route?

The Northern Sea Route acts as a shortcut between Europe and Asia, covering five seas. Thanks to the increase in mineral and energy resources in the Northern Region, the Northern Sea Route has become an effective and efficient transport route. The growing markets in regions such as the Far East have seen the number of Northern Sea Route crossings increase rapidly, going from just 4 in 2010 to 71 in 2013.

What Are the Projections for the Future of Russia’s Northern Sea Route?

As the ice caps in the Arctic melt at a quicker and quicker rate, it is very likely that the Northern Sea Route will see increased traffic thanks to the increase in commercial viability of the route. Research has estimated that changing temperatures in the Arctic could alter the trade flows between Europe and Asia, diverting trade in Europe, increasing shipping traffic within the Arctic and moving trade away from the Suez.