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Tanker traffic jams in Turkey are growing, condemnations of Western sanctions on Russian oil are increasing

Tribunnews reporter, Nur Febriana Trinugraheni

TRIBUNNEWS.COM, ISTANBUL – Turks must face the impact of a complex international plan to punish Russia through the Moscow oil price limit, because the amount tankers who were waiting to exit the Black Sea through the strait Turks continues to increase on Friday (9/12/2022).

The country has refused to scrap new insurance inspection rules it implemented earlier this month, despite days of lobbying by Western officials.

The Tribeca cruise agent revealed on Friday, for a total of 28 tankers beratre oil to leave the Bosphorus and Dardanelles straits located in Turks.

The backlog of vessels is creating growing anxiety in the oil and tanker markets. It is estimated that millions of barrels of oil per day move south from Russian ports through the Bosphorus and the Dardanelles in Turkey to the Mediterranean.

Read also: Ignoring Western decisions, China buys Russian oil beyond the G7 limits

The Group of Seven (G7) countries, the European Union and Australia have agreed to ban shipping service providers, such as insurance companies, from helping oil exports Russia unless it was sold at a reduced price, or under the price limits in force, in order to deprive Moscow of wartime revenues.

maritime authority Turks he said he would continue to prevent departure tankers petroleum waters without a specific letter of insurance.

Meanwhile Western insurers said they were unable to provide the required documents Turks as this could subject them to penalties, if the oil cargo they are responsible for is found to be selling for more than the price limit.

Authority Turks it said, in the event of an accident involving a vessel in breach of sanctions, it is likely that the damages would not be covered by the international oil spill fund.

“(It is impossible for us to take the risk that the insurer will default on its indemnification responsibilities,” the state authorities said, quoted by Reuters.

Authority Turks adding, Ankara is continuing talks with other countries and insurance companies on this issue.

Most of the vessels waiting near the strait are EU vessels, with most of the oil destined for EU ports, according to authorities. Turks.

Authority Turks he said Ankara was planning to move eight tankerswho do not have Protection & Indemnity (P&I) insurance, waiting in the Marmara Sea to cross the Dardanelles from its waters.

The tanker will be escorted to cross the Dardanelles with additional measures, after the strait is closed to shipping traffic, the authority said in a statement.

A dispatch source said four tankers those waiting to cross the Dardanelles Strait are expected to depart today, Saturday (12/10/2022), accompanied by tugboats (tugboats).

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