The Financial Times reported that Copenhagen also plans to block these tankers if necessary.
Denmark plans to start checking tankers carrying Russian oil in its waters, and block them if necessary. This was reported by the Financial Times, citing sources familiar with the progress of negotiations in Brussels.
The main target is tankers without Western insurance. The inspections will be conducted under international laws that allow countries to inspect ships if there are concerns that they may cause environmental damage.
The “price ceiling” conditions for Russian fuel suggest that Western insurance companies can provide insurance services for the transportation of oil from the Russian Federation if it is sold at a price below $60 per barrel. But the EU suspects that many ships carrying Russian oil do not have such insurance, including one that covers losses from oil leaks and spills.
About 60% of Russian sea oil supplies are carried out in the Baltic Sea, and all of this volume passes through Danish territorial waters. According to the publication, about two million barrels of Russian oil pass through the Danish Straits every day, which is equivalent to three Aframax tankers.
The newspaper reached out for comment and said the success of the initiative largely depends on the Danish Navy’s ability to stop and inspect the tankers. However, the question arises as to what to do if the ship refuses to stop.
A spokesman for the Danish Joint Military Command said in response to a media request that the Danish military “does not check the documents and cargo of ships passing through the straits, except in cases related to safety at sea .”
Recall that the IEA said that Russia’s oil export revenues fell in October compared to previous highs due to the fall in world oil prices and the imposition of US sanctions against ships that violate the price limit set by the West. At the same time, Russia’s income remains close to its annual peak.
Let’s add that Russian oil reaches the Greek oil refinery through Turkey. From there, the oil was sold to the Pentagon in defiance of international sanctions.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.