NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

Russia lifts restrictions for cargo vessels transiting Kerch Strait

Published 20/07/2023, 14:34
© Reuters. FILE PHOTO: A satellite image shows a rotated and close up view of the damaged span of the Crimea bridge in Kerch Strait, July 17,2023. Maxar Technologies /Handout via REUTERS /File Photo
CL
-
NG
-

MOSCOW (Reuters) - Russia has lifted restrictions on cargo vessels moving through the Kerch Strait between the Azov and Black seas, the head of the Russia-focused Sovecon consultancy told Reuters on Thursday.

"The vessels started sailing today, but they say navigation will be closed at night-time, probably," Andrey Sizov said.

The movement of cargo vessels through the Kerch Strait was suspended by Russian authorities on July 16 following drone attacks on the Crimean port of Sevastopol.

The Kerch Strait is the route for around a third of Russia's grain exports. According to Refinitiv Eikon's ship-tracking data, the grain carriers Vera and Kapitan Sergeev were approaching the strait on Thursday.

The route is also used for exports of crude oil, fuel oil and liquefied natural gas.

The security of ships in the Black Sea has been called into question after Russia and Ukraine announced that they would consider all ships travelling to the Black Sea ports that the other controls as potential carriers of military cargo.

The moves followed Moscow's withdrawal on Monday from a year-old deal in which it granted safe passage to ships exporting Ukrainian grain, despite pursuing what it calls its "special military operation" in Ukraine.

© Reuters. FILE PHOTO: A satellite image shows a rotated and close up view of the damaged span of the Crimea bridge in Kerch Strait, July 17,2023. Maxar Technologies /Handout via REUTERS /File Photo

The Russian Federal Agency for Sea and Inland Water Transport (Rosmorrechflot) declined to comment.

Security in the Kerch area also worsened on Monday with an overnight attack on the Crimean Bridge spanning the strait and connecting Crimea, which Russia seized from Ukraine in 2014, to southern Russia.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.