TANKERS with Russian oil were stalled on the Black Sea side of the Bosphorous, prevented from continuing to the Mediterranian by Turkey’s demand for satisfactory insurance letters, reports Bloomberg. Turkey’s move was a response to European Union sanctions against Russia that bar insurance of vessels if the oil they’re carrying costs above US$60 a barrel. Turkey insisted on proof that oil-carrying ships are insured after European Union sanctions on Russia came into effect. It has come under...
https://www.seanews.com.tr/russian-allys-oil-stopped-in-black-sea-by-turkish-insurer-demands/195339/