Russia lost £100m cruise ship revenue in 2022: Report

The war in Ukraine has led to a boom in tourism to eastern European sea ports, with cruise ships calling at alternative destinations instead of at Russian ports, according to a report from Panache Cruises.

As much as £100 million could have been lost from the Russian economy in 2022, with tourists spending their money in Estonia and Latvia instead, the report claimed.

Instead of Baltic Sea cruises with a stopover in Saint Petersburg, there have been overnight stopovers in many Baltic ports with Tallin in Estonia and Riga in Latvia being the most popular.

Prior to the pandemic around 650,000 cruise ship tourists visited Tallinn each year with a similar number also stopping at Riga. Over the past 12 months those numbers are thought to have doubled.