“There is no political component”: about a traffic jam from oil tankers in Turkish waters

Alexey Belogoryev, Deputy Principal Director on Energy Studies of the Institute for Energy and Finance, commented to Rambler/Finance on the causes and consequences of a queue of oil tankers at the exit from the Black Sea to the Turkish straits.

According to the specialist, in the current situation there is no political component or direct connection with the introduction of a ceiling on prices for Russian oil:

“This is a technical problem due to the fact that Turkey has introduced new rules for checking oil cargo insurance certificates. And, apparently, Turkish officials do not cope with this check.

The traffic jam is dominated by tankers not even with Russian, but with Kazakh oil, which is shipped in Novorossiysk at the CPC terminal. Therefore, there is no political component or direct connection with the introduction of the price ceiling.”