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Denmark May Be Tasked with Policing Russian Oil Sanctions Breaches: FT

OIL

Denmark could be tasked with inspecting and potentially blocking Russian oil sailing through its waters according to EU plans reported by the FT Wednesday.

  • Denmark would target tankers transiting through the Danish straits without Western insurance the FT reported.
  • Denmark would police the action because all of Russia’s oil shipped through the Baltic Sea, or roughly 60% of its total seaborne exports, crosses the Danish straits on its way to international markets.
  • The West is exploring ways to enforce sanctions on Russian oil that have been largely ineffective other than forcing Russia to offer its crude at a discount to attract buyers. In recent months the discount has greatly diminished.
Energy BulletsCommodities
Energy BulletsCommodities

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