It all boils down to can Russia self insure its own tanker fleet.
And will those self insured tankers be able to enter certain vital waterways such as the Suez Canal.
Tankers loading up at Russia's Baltic ports have to sail through Swedish or Danish waters. Can Sweden or Denmark enforce proper maritime insurance for transit to the North Atlantic?
It's a convoluted scheme, but it just might push Russia's shipping costs high enough to take a bite out of its oil revenues, cap or no cap. If it's enforced.
"Russia says it will find a way around."
This goofy scheme, devised by lawyers, is itself a way around.
The bullseye is Putin's brain. It either needs to be altered or destroyed. And the sooner the better.
The West should stop aiming to miss.
It all boils down to can Russia self insure its own tanker fleet.
And will those self insured tankers be able to enter certain vital waterways such as the Suez Canal.
Tankers loading up at Russia's Baltic ports have to sail through Swedish or Danish waters. Can Sweden or Denmark enforce proper maritime insurance for transit to the North Atlantic?
It's a convoluted scheme, but it just might push Russia's shipping costs high enough to take a bite out of its oil revenues, cap or no cap. If it's enforced.
Oil tankers are big, fat, slow, lazy "targets."
This could have disastrous consequences.