Off The Wire
UPDATE 1-Russia is concerned over oil tankers build-up in Bosphorus - RIA
(Adds quote, details)
MOSCOW, Dec 7 (Reuters) - Russia is concerned about a
build-up of oil tankers in the Bosphorus Strait and is
discussing the issue with insurance and transport companies, RIA
cited Russian deputy foreign minister Alexander Grushko as
saying on Wednesday.
At least 20 oil tankers queuing off Turkey face more delays
to cross from Russia's Black Sea ports to the Mediterranean as
operators race to adhere to new Turkish insurance rules added
ahead of a G7 price cap on Russian oil, industry sources said on
Tuesday.
Turkish maritime authorities issued a notice seen by Reuters
last month asking for additional guarantees from insurers that
transit through the Bosphorus would be covered starting from the
beginning of this month.
"We are aware of this situation. Of course, it causes us
concern from the point of view of the interests of our
operators. This problem is being discussed with transport and
insurance companies. After all, insurance companies insure, not
the state," Grushko is quoted as saying.
"If the problem is not solved, of course, there will be
involvement on the political level."
Disruptions in tanker traffic from Russia's Black Sea ports to the Mediterranean are a result of a new Turkish insurance rule, not the price cap on Russian oil agreed by a coalition of G7 countries and Australia, an official with the group said on Tuesday. (Reporting by Vladimir Soldatkin; Editing by Toby Chopra)
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