Vessel volumes drop 54% near Russian ports since sanctions enforced

Data from supply chain visibility platform project44 shows that vessel volumes have decreased by 54% within 50 nautical miles of Russian ports since sanctions were imposed.

Total daily container capacity has also started to dwindle, decreasing by 40% since the beginning of February, as a direct result the sanctions impacting inbound trade into Russia.

Adam Compain, SVP Data Insights at project44, said: “Our data has shown immediate and quantifiable drops in inbound trade volumes to Russia.