The US Treasury said the ceiling on the price of Russian oil does not require screening of ships passing through Turkish waters.
The crisis in the passage of oil tankers through the Turkish straits from the Black Sea continues as talks failed to resolve Turkey’s demand for insurance for all ships passing through the straits following the imposition of sanctions on Russian oil.
Currently, 26 tankers carrying more than 23 million barrels of oil from Kazakhstan cannot cross the Bosporus and Dardanelles.
Late last month, Turkish authorities announced that tankers passing through its straits would have to produce documentation from their insurance companies proving they were insured in order to be able to pass through the straits. The move comes in retaliation for European Union sanctions against Russia that ban insurance on ships if the oil they are carrying costs more than $60 a barrel.
