After setting the maximum price for Russian oil, the Turkish authorities require confirmation of full insurance for all ships. A traffic jam from tankers began to form off the coast of Turkey. Representatives of the American administration spoke about this.
Recall that last week the G7 countries, Australia and the European Union agreed to set a price ceiling for Russian oil transported by sea at $60 per barrel. The restriction came into effect on December 5 and is designed to make it difficult for Russia to finance the war with Ukraine (December 24 marks 10 months from the start of the Russian invasion of that country) while maintaining the stability of energy supplies. in the world.
Following the imposition of a price cap on Russian oil, the Turkish authorities require that every ship be fully insured against any circumstances while sailing through Turkish waters or entering ports. Regulations on this issue were introduced in early December. Meanwhile, as the media reported on December 6, at least 20 tankers are waiting to pass through the Turkish straits. The ships anchored off the Bosphorus and the Dardanelles. Companies that insure tankers and oil transportation after the introduction of the cap price cannot insure ships carrying Russian oil, regardless of its destination, unless it was sold within the cap price.
There is a US reaction
Representatives of the American administration spoke about this. U.S. Deputy Treasury Secretary Wally Adeyemo assured Turkish Deputy Foreign Minister Sedat Önal in a telephone conversation Wednesday that the ceiling on Russian oil prices does not require additional insurance checks for tankers that will pass through the Turkish straits. .
Source: Wprost
