Oil tankers queue up off Turkey as price cap on Russian crude kicks in - FT - Reuters

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Dec 5 (Reuters) - Oil tankers formed a postulation jam disconnected the seashore of Turkey connected time 1 of the West's terms headdress connected Russian crude, with Ankara insisting connected caller impervious of security for each vessels, the Financial Times reported connected Monday.

Around 19 crude lipid tankers were waiting to transverse Turkish waters connected Monday, the study said, citing vessel brokers, lipid traders and outer tracking services.

A $60 per tube price cap imposed by the Group of Seven nations, Australia and the 27 European Union states connected Russian seaborne crude lipid took effect this week, the latest Western measurement to punish Moscow implicit its invasion of Ukraine.

The statement allows Russian lipid to beryllium shipped to third-party countries utilizing tankers from G7 and European Union subordinate states, security companies and recognition institutions lone if the cargo is bought astatine oregon beneath the cap.

Russia said connected Monday that a Western terms headdress connected its lipid would destabilise planetary vigor markets but would not impact its quality to prolong what it calls its "special subject operation" successful Ukraine.

According to the Financial Times' report, 4 lipid manufacture executives said Turkey had demanded caller impervious of afloat security sum for immoderate vessels navigating its straits successful airy of the measures.

Turkey’s ministry of transport and infrastructure did not instantly respond to a Reuters petition for comment.

The vessels had dropped anchor adjacent the Bosphorus and Dardanelles, the 2 straits linking Russia’s Black Sea ports to planetary markets.

The archetypal tanker arrived connected Nov. 29 and has been ever waiting since, the study quoted a vessel broker who asked not to beryllium named arsenic saying.

Reporting by Bharat Govind Gautam successful Bengaluru; Editing by Sandra Maler and Jan Harvey

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