Ukrainian attempts to force Russian oil from the Black Sea may have unintended consequences for its allies
brokered a year earlier and began bombing Ukraine’s ports, trying to destroy the country’s grain export capacity altogether.two Russian vessels in the Black Sea, declaring Russia’s Black Sea ports a “war risk area”. The aim is to reduce Russia’s own exports — above all, oil — by forcing insurance companies and ship owners to stop vessels from operating on those routes.
At the time, despite the risks of entering the Gulf, there was no shortage of vessels willing to sail there for oil. Insurance companies continued to provide cover, albeit at increased costs. None of the Nato countries whose vessels had been attacked tried to invoke Article 5. The second terminal, Yuzhnaya Ozereyevka, operates from moorings several miles out to sea, where tankers dock. Those are vulnerable to attack and harder to repair. But they are used to export oil produced in Kazakhstan: attacking them would mainly inflict damage on western oil companies working in Kazakhstan.
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