Turkey demands insurance from tankers passing through straits
Posted On: Nov. 18, 2022 9:11 AM CST![marine](https://bicontent.businessinsurance.com/02275942-a627-4f9f-8a18-750e14c6ab03.jpg)
Turkey has warned that ships hauling oil through its waterway and the nearby Dardanelles strait must prove that they are insured, a move that could restrict flows of Russian oil exports as new European sanctions kick in, Yahoo reported citing Bloomberg. The new rule starts Dec. 1, a few days before the European Union and U.K. impose additional curbs on Russian trade that will make it much harder for tankers carrying oil to get insurance.