Turkey oil tanker logjam snarls Russia oil sanctions - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Turkey emerged as a critical stumbling block to a complex international plan to deprive Russia of wartime oil revenues as the number of tankers waiting to exit the Black Sea through Turkish straits continued to rise on Friday.

Ankara has declined to scrap a new insurance inspection rule it implemented at the beginning of the month despite days of pressure from Western officials.

Turkey’s maritime authority said it would continue to keep out of its waters oil tankers that lacked appropriate insurance letters. “ is out of the question for us to take the risk that the insurance company will not meet its indemnification responsibility,” it said, adding that Turkey was continuing talks with other countries and insurance companies.

A shipping source said four of the tankers waiting to cross the Dardanelles were scheduled to go on Saturday with tug escorts. Washington had no reason to believe Russia was involved in Turkey’s decision to block ship transits, she added.

 

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