-
Neo Group Launches Mutual Fund to Expand Financial Services Platform
-
Maharashtra Government Raises MBBS Intern Stipend to Rs 25,000
-
Michigan Pizza Driver Halts $785K GoFundme After Viral Prank
-
Belgian Minister Marks Algeria’s Liberation Anniversary in Brussels
-
British Doctor Evacuated to London Isolation Unit After Ebola Contracted in Congo
-
Hochtief Reports Record Orders Driven by AI Data Center Demand
-
Gladstone Investment Corporation Acquires Majority Stake in McFarlane Toys
-
RenX Microtec Mill Is Built; Power and Commissioning Are Next
-
Watermelon Z Strain Guide Clarifies Conflicting Breeder Information and Genetic Lineage
-
MADE in America is Great Again; SMX has the Proof
-
Patterson-UTI Reports Drilling Activity for October 2026
-
Green Leaf Innovations (OTC PINK:GRLF) Reports 51% Sequential Revenue Growth and 115% Net Income Increase in Q2 2026
-
IRS Reports a Record $5.6 Trillion Collected in FY 2026 - Clear Start Tax Explains What Record Collection Performance Means for People Who Still Owe
-
Ambee and meteoblue Announce Partnership on Climate Risk and Resilience Data
-
RAEK Unveils New Designs for Creator Vault, Its First Private AI Appliance
-
21- and 23-Year-Old Co-Founders Build Multi-Million Dollar Global BPO in Under 18 Months
-
Moderna Reports Third Quarter 2026 Financial Results and Provides Business Updates
-
Vogenx Reports Third Quarter 2026 Financial Results and Business Highlights
-
BioScience Health Innovations, Inc. Announces Its Subsidiary Vitalcore Research has Executed Master Distribution Agreement with Rule Imports
-
InterContinental Hotels Group PLC Announces Transaction in Own Shares - November 06
-
SMX: Plastic Recycling is no Longer a Favor; it's a Must
-
New Jobs & Big Deals: Forman Mills Opens Ninth Illinois Location
-
Pebble Beach Concours d'Elegance Reaches $50 Million in Charitable Giving
-
AI Agents Are Joining the Workforce - Living Security Says Preemptive Security Starts With Human and Agent Risk Visibility
-
Nathan Charnes Elected 45th President of the PGA of America
-
Valsoft's TAG Software Group Enters the Content Operations Market with the Acquisition of Chalco
-
OSR Health Exercises $15 Million VXM01 Equity Option, Elects Settlement Through Staged Convertible Notes
-
Wipeboard Launches Ghost.Wipeboard.io, a Case Management Workspace Built for Paranormal Investigation Teams
-
Prometheus Laboratories Presents Research Showing Superior Performance of MASH Precis Fibrosis Score in Identifying Treatment-Eligible Patients
-
Eylsia Nicolas Returns to Her Signature Sound as "Where or When" Debuts at #4 on the Groover U.S. Rock Charts
-
Plastic Recycling has a New Passport; SMX is the Stamp
-
Stagwell Media Names Kate Richling as Chief Brand and Communications Officer
-
Maxon Expands Creative Possibilities with New Touch and Spatial Experiences in Cinema 4D and ZBrush for Apple Products
-
ACE Survey Finds 35% of Adults Wouldn't Have Returned to School Without Online Options
-
Globa Terra Acquisition Corporation Reports Encouraging Investor Support Ahead of November 9 Extension Vote
-
Samsung Leads Global DRAM Market as SK Hynix Gains Share
-
South Korea Proposes Fourth Delay of Cryptocurrency Gains Tax to 2029
-
Kakao Details Spinoff Plan to Monetize AI Through KakaoTalk
-
ASIC Fines Mona Museum Owner $198,000 for Late Financial Report
-
ASIC Fines Mona Museum Owner's Company for Late Financial Report
-
Business Leaders Criticize Productivity Commission Inquiry Scope
-
Democrats Vow to Probe Trump Business Deals as Midterm Results Narrow
-
Kate McClymont Testifies at Alan Jones Trial Over Reporting Methods
-
New Diaries Show Emperor Hirohito’s Shift to War Support in 1941
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.
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!"
K.Hill--AT