A long-drawn war by Russia on Ukraine, now extending to the Black Sea puts into peril the movement of crude oil, diesel, gas oil, naphtha, and also grain destined for the global market, threatening food security
An aerial view of the Black Sea harbour of Constanta, Romania. Image: Daniel Mihailescu / AFP
Since exiting a landmark UN-brokered Grain Initiative last month, a Russian warship has fired on a merchant shipping vessel in the Black Sea for the first time, on Sunday, triggering acute concerns among shipowners, insurers, and commodity traders about the potential dangers of getting ensnared into the conflict. As a result, merchant ships have started backing up into lanes around the Black Sea, at Musura Bay, the Romanian port of Constanta, and at Ukrainian ports including Odesa, even as the ports have struggled to clear backlogs amidst the growing unease.
A file photo of a worker turns a valve at the Rosneft oil refinery in Tuapse at the Russian Black Sea coast. Image: Sergei Karpukhin / Reuters
In retaliation, Ukrainian officials have warned that Russian ports and ships in the Black Sea — including tankers carrying millions of barrels of oil to Europe — could be attacked by the Ukrainian military as part of efforts to weaken Moscow's war machine. Last month, Russia shipped almost 59 million barrels of crude oil, a third of its overall exports, from the strategic Black Sea port of Novorossiysk, according to intelligence firm Kpler. Of that, 32 million barrels went to EU countries. The port also handles other fuels like diesel, gas oil and naphtha in addition to grain destined for the global market.
Ships awaiting inspections are seen anchored off the Istanbul coastline in Turkey. Image: Chris McGrath/Getty Images
The Black Sea is an oval-shaped basin strategically situated at the South Eastern extremity of Europe. It is bordered by Ukraine to the North, Russia to the North East, Georgia to the East, Turkey to the South, and Bulgaria and Romania to the West. It links to the Sea of Marmara through the Bosphorus, and then to the Aegean Sea through the Dardanelles and has traditionally been Russia’s warm water gateway to Europe.