NewsMoscow cautions against the Western move to curb its naval rights

Moscow cautions against the Western move to curb its naval rights

 (Photo By Antonio Sempere/Europa Press via Getty Images)
(Photo By Antonio Sempere/Europa Press via Getty Images)
Images source: © GETTY | Europa Press News

4 May 2024 07:26

Moscow warns against restricting Russian ships

Moscow has warned that any efforts to limit the navigational rights of Russian ships will be considered unfriendly and prompt a strong reaction. Maria Zakharova, the spokeswoman for the Russian Foreign Ministry, made the statement in response to a Politico article.

Politico had reported on potential Western plans to restrict the navigation of Russia's so-called shadow fleet. This fleet refers to ships officially registered under various national flags but controlled by Russia to transport sanctioned oil, thus bypassing Western sanctions.

Due to environmental concerns, the plans would involve barring ships controlled by Russia from navigating through the straits near Denmark—the Oresund, Great Belt, Fehmarn Belt, and Little Belt. Furthermore, Western authorities might employ the MARSUR system to share better information, such as ship positions and identification data, which would help identify these vessels.

Zakharova highlights consequences

During a briefing on YouTube last Friday, Maria Zakharova responded to Politico's reports, stressing that ship passage through these straits is protected under the Copenhagen Treaty of 1857 and the UN Convention on the Law of the Sea, both of which ensure free passage of vessels. Zakharova condemned any attempts to alter international law.

The International Group of P&I Clubs has also recently addressed the "shadow fleet" issue, noting that the imposition of price caps on Russian oil has caused many ships to join this fleet for parallel trade.

Russia continues to profit from oil

In December 2023, the G7 announced new measures to reinforce the price cap on Russian oil, fixed at around £45 per barrel. These measures, alongside stricter sanctions, have pushed Russia to increasingly rely on the "shadow fleet" for oil exports.
By utilizing this fleet of uninsured tankers with undisclosed owners, Russia has been able to sell its oil above the set price limit, thereby enhancing its monthly revenue from oil exports beyond pre-Ukraine war levels.
The "shadow fleet" is estimated to carry approximately 45% of Russian hydrocarbons, a notable portion of which enters Europe via Libya, thus forming a grey market.
However, Igor Yushkov, an expert cited by kommersant.ru, suggests the reality might be different, estimating that such ships transport around 2.5 million barrels per day, equating to one-quarter of Russia's maritime oil exports. Yushkov also points out the obsolete nature of Western companies transporting Russian oil due to sanctions, rendering the notion of returning this trade to international carriers as impractical.
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