3D analysis of the magma transport and accumulation mechanism in the structure and basement of the Klyuchevskoy volcano preceding 11 eruptions in 2003-2021 has been performed. Using the Frac-Digger method and seismological data from the Kamchatka Branch Federal Research Center United Geophysical Survey Russia Academy of Sciences it has been shown that magma transport from the deep crustal magma chamber (−30 km) is carried out in the vertical fracturing (dykes) mode to the peripheral shallow magma chamber (+1 km). The feeding dykes orientation corresponds to geomechanical conditions of radial or N-NNE extension. This is followed by inclined dykes and sills of various orientations from the peripheral magmatic chamber. Magma accumulation in the peripheral magmatic chamber in the form of sills (in the horizontal fracturing mode at elevations of +0,3 to +2,3 km) contributes to the efficiency of magma degassing and heat exchange with meteoric waters, and to the formation of a high-pressure vapour-gas reservoir with subsequent venting of the volcano channel and its eruption. Three-dimensional analysis of the distribution of flank eruptions of the Klyuchevskoy volcano in 1932-2021 (16 cinder cones) shows their association with two main low-inclined structural surfaces. Changes in the drainage level of the magmatic system are reflected in the volumes and geochemical history of the 1932-2021 flank eruption products.