Russian seaborne crude exports show little signs of slowing in Freight News 15/06/2026 Russia’s total seaborne oil exports set another seasonal minimum in May, arriving at 5.74mbd, 160kbd lower than a year ago. Looking beneath the headline figure, we review key markers affecting Russian seaborne crude and clean refined product supplies and what the outlook holds for the near future. Distant export hubs expand their share in crude supply Starting from October 2025 and until now, Russian seaborne crude exports have been comparatively robust with exports averaging 305kbd higher each month against year-ago levels. Despite repeating cases of infrastructure damage to Russian export terminals (i.e. at Primorsk, Ust-Luga in March 2026), total seaborne exports of Russian crude have largely stayed above the 3-year seasonal level since March this year. Russia total seaborne oil exports, excluding Kazakh-origin CPC, KEBCO and LNG (bd) (June reflects days 1-8) The Arctic and Far East regions played a significant role in maintaining this increase, driven in part by sites situated at greater distances from the strike reach. Exports from Russia Baltic have shown a slightly slower upside compared to 3-year seasonal levels, albeit being higher year-on-year, while the Black Sea continued to trail year-ago levels. Russia seaborne crude/condensate exports by export shipping region (bd) (excl. CPC, KEBCO; June includes days 1-7) Such regional divergence also underpins longer-term capacity dynamics in both the Far East and the Arctic: Far East ESPO Blend exports from Russia’s Kozmino have yet to expand to the 50mt/y (1mbd-1.1mbd) terminal capacity, where 47.2mt (1mbd) was lifted in 2025 (Argus) In the Arctic, Vostok Oil phase-1 is expected to come online by end-2026, bringing up to 600kbd of additional crude export capacity upon full exploitation (Argus). Despite multiple delays and limited timeline transparency, this start-up could allow Russia to insulate some seaborne crude exports fro