We are not to blame for queue of tankers in Turkey-EU
2022.12.09 05:05
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We are not to blame for queue of tankers in Turkey-EU
Budrigannews.com – According to the European Commission, a line of tankers waiting in the Black Sea to pass through Istanbul’s Bosphorus Strait on their way to the Mediterranean is not caused by the Group of Seven countries’ price cap on Russian oil.
The Tribeca shipping agency reported that talks to disperse the buildup led to an increase in the number of vessels queuing up in the Black Sea to 20 on Friday.
Turkey has demanded proof of insurance for vessels calling at Turkish ports or transiting through the Bosphorus strait since the beginning of the month, resulting in a stalemate.
In an effort to reduce Moscow’s oil revenues, the queues have coincided with the introduction of a plan this week by the G7 countries and the European Union to prevent insurers from assisting in the ship export of Russian oil unless it is sold at a capped price.
In an email to Reuters, a spokesperson for the European Commission stated, “This situation is not due to the G7 oil price cap, since there is, in any case, a 45-day wind-down period for seaborne Russian purchased before 5 December.”
Under the G7 plan’s progress period, which rushes to Jan. 19, administrations, like protection, can in any case be accommodated seaborne Russian rough purchased before Dec. 5, regardless of whether it was purchased at a cost over the cap.
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Turkish authorities will be able to continue to verify tanker insurance policies “exactly in the same way as before,” according to a spokesperson for the Commission.
According to the spokesperson, “We are therefore in contact with the Turkish authorities to seek clarifications and are working to unblock the situation.”
Turkey’s maritime authority stated on Thursday that it would continue to keep out of its waters oil tankers that lacked the appropriate insurance letters and that it needed time to conduct checks, despite international pressure regarding the growing line.
