The China Mail - Bosphorus sea trade unaffected by Ukraine war, sanctions

USD -
AED 3.672504
AFN 64.000368
ALL 81.109773
AMD 359.873322
ANG 1.789785
AOA 918.000367
ARS 1535.503978
AUD 1.422678
AWG 1.8025
AZN 1.70397
BAM 1.74477
BBD 2.011597
BDT 123.993042
BGN 1.747831
BHD 0.377091
BIF 2997.279094
BMD 1
BND 1.275971
BOB 12.110264
BRL 5.440104
BSD 0.998796
BTN 94.782997
BWP 13.79901
BYN 2.942058
BYR 19600
BZD 2.008653
CAD 1.39745
CDF 2315.000362
CHF 0.82381
CLF 0.025146
CLP 992.920396
CNY 6.661104
CNH 6.651304
COP 3164.280298
CRC 454.168339
CUC 1
CUP 23.969847
CVE 98.367456
CZK 21.81604
DJF 177.849146
DKK 6.697404
DOP 60.537937
DZD 135.196931
EGP 55.738436
ERN 15
ETB 161.241358
EUR 0.892404
FJD 2.243704
FKP 0.746437
GBP 0.746408
GEL 2.603861
GGP 0.746437
GHS 11.635666
GIP 0.746437
GMD 74.000355
GNF 8839.823364
GTQ 7.635488
GYD 209.349213
HKD 7.84585
HNL 26.845087
HRK 6.76901
HTG 130.853294
HUF 327.940388
IDR 18127.15
ILS 3.14456
IMP 0.746437
INR 94.912504
IQD 1514.072885
IRR 1868415.000352
ISK 121.830386
JEP 0.746437
JMD 158.713591
JOD 0.70904
JPY 157.562504
KES 129.791695
KGS 87.448704
KHR 4075.114858
KMF 441.00035
KPW 899.999961
KRW 1333.420383
KWD 0.31117
KYD 0.83233
KZT 452.856952
LAK 22487.176056
LBP 89438.155136
LKR 332.209287
LRD 169.784558
LSL 16.644543
LTL 2.95274
LVL 0.60489
LYD 6.420447
MAD 9.82042
MDL 17.877693
MGA 4517.596681
MKD 54.931085
MMK 2099.994593
MNT 3599.692564
MOP 8.070654
MRU 40.499576
MUR 47.280378
MVR 15.450378
MWK 1731.477764
MXN 18.78615
MYR 4.058204
MZN 63.910377
NAD 16.644543
NGN 1346.470377
NIO 36.754539
NOK 9.208504
NPR 151.652616
NZD 1.772264
OMR 0.382702
PAB 0.998885
PEN 3.456889
PGK 4.545252
PHP 63.764504
PKR 276.304474
PLN 3.94725
PYG 5851.286855
QAR 3.64084
RON 4.782204
RSD 104.839645
RUB 80.449619
RWF 1474.374415
SAR 3.7544
SBD 8.058206
SCR 14.652482
SDG 601.503676
SEK 9.826204
SGD 1.278804
SHP 0.748335
SLE 22.903667
SLL 20969.504398
SOS 570.765868
SRD 37.619504
STD 20697.981008
STN 21.856461
SVC 8.739016
SYP 13001.999685
SZL 16.639458
THB 33.723038
TJS 9.193541
TMT 3.5
TND 2.986752
TOP 2.40776
TRY 49.933804
TTD 6.771935
TWD 32.621404
TZS 2646.683617
UAH 45.299969
UGX 4244.613944
UYU 40.153441
UZS 11979.124849
VES 887.479804
VND 25803.5
VUV 119.284453
WST 2.776099
XAF 585.378718
XAG 0.020359
XAU 0.000258029557
XCD 2.70255
XCG 1.799991
XDR 0.707052
XOF 585.378718
XPF 106.3919
YER 236.203589
ZAR 16.719695
ZMK 9001.203584
ZMW 20.14006
ZWL 321.999592
SSP 5745.299168
MXV 2.117302
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Bosphorus sea trade unaffected by Ukraine war, sanctions
Bosphorus sea trade unaffected by Ukraine war, sanctions / Photo: © AFP

Bosphorus sea trade unaffected by Ukraine war, sanctions

At the gates of the Black Sea, trade is in full swing as freighters and oil tankers sail from the heart of Istanbul to Russian and Ukrainian ports.

Text size:

Just after the Russian offensive in Ukraine on February 24 and the first Western sanctions, the largest vessels of international companies plying on these waters were replaced by smaller ships.

The total number of ships on the route remains around the pre-war level of 40,000, according to experts.

"Russia shamelessly steals Ukrainian grain and sends it overseas from Crimea, including to Turkey," said Vasyl Bodnar, Ukraine's ambassador to Ankara.

"In May alone, we counted at least 10 passages including two round trips from three vessels flying the Russian flag... Not to mention those that we would have collectively missed."

From his terrace overlooking the Bosphorus, Yoruk Isik has been a passionate observer of ship movements on this key waterway between the Black Sea and the Mediterranean for a decade now.

While swiftly condemning the Russian offensive in Ukraine, Turkey positioned itself as a neutral mediator and refused to join Western sanctions against Moscow.

Although Ankara has banned the passage of military vessels through its straits of the Dardanelles and Bosphorus since late February under the Montreux Treaty of 1936, it is not legally entitled to intercept commercial ships or to search them, a diplomatic source said in Ankara.

"We don't follow the ships on their way out of the Straits. We monitor them 10 kilometres before they enter and 10 kilometres after they leave," the source said on condition of anonymity.

Elizabete Aunina, a researcher at Amsterdam University, said: "If we look at the vague words of the Montreux treaty it leaves a lot up for interpretation.

"It did not foresee that merchant vessels could be carrying stolen goods... Turkey has before showed a certain commitment to stick to the very basic interpretation of the Convention as a way to also protect itself from entering deeper into the conflict".

The European Union imposed an embargo on Russian imports but tankers flying the Greek or Maltese flags are seen sailing through the Bosphorus up to the Black Sea to the Russian ports.

- Maritime corridors -

Thanks to real-time tracking applications, a strong network of observers, Russian and Ukrainian activists and satellite images, no vessel escapes Isik's radar.

"We can see from end to end, where the ship is getting loaded by the ship," he said.

Some freighters loaded the wheat in Ukrainian ports under Russian blockade such as Odessa, Chornomorsk or Mariupol, he said.

The destination? Syria -- where Russia retains an operational base -- and then Lebanon or Egypt.

Isik also identified a flotilla of old Turkish boats, "never seen before in the area" suddenly appearing under a flag of convenience in the Russian port of Novorossiysk -- "likely under contract with the Russian government".

He lists a few names: Kocatepe (now Tanzanian), Barbaros (Equatorial Guinea), Hizir (Malta) and Sampiyon Trabzonsport (Cameroon).

Russian Foreign Minister Sergei Lavrov will visit Turkey on Wednesday to discuss a possible establishment of "sea corridors" -- although Ukrainian wheat is being covertly exported to Russia's benefit, according to experts.

"This is the information we get but we cannot stop, or check, or question the intention of any cargo ship except if we feel a threat to Turkish peace or security," the diplomatic source said.

But for Isik who keeps the list of cargo ships belonging to the Russian defence ministry and those of private companies operating on its behalf, "what is happening is unacceptable".

- EU mulling tighter sanctions -

Before the war, Ukraine was on track to becoming the world's third biggest exporter of wheat and many countries in Africa and the Middle East depend on it.

"If Russia exports Ukrainian products, nobody authorises Turkey to stop the vessels," said Yucel Acer, professor of international law at the University of Ankara, adding "unless there is a United Nations resolution" -- a futile move as long as Russia holds a veto power in the Security Council.

Without openly admitting it, the European Commission has found holes in the current sanctions regime and is preparing to tighten the screws again, said a source in Brussels.

These foresee a new set of sanctions targeting Moscow plans to deprive the European operators of their insurance if their vessels are caught red-handed.

"Most of these vessels are covered by European and British insurance: with this new package, they will no longer be able to use them," said the source.

"This should have a significant impact."

But Turkey could do more, said Aunina, from Amsterdam university.

"Following the annexation of Crimea, Turkey technically banned ships from Crimea in its ports: This could be done as well!"

Q.Moore--ThChM