• 2015 December 4

    PAO Sovcomflot's President & CEO Sergey Frank

    On the risks of closing the Black Sea straits of Bosporus and Dardanelles to Russian ships

    - Let me remind you the principle of international regulation of maritime law and the principle of pacta sunt servanda are still effective globally. On the other hand, let's look at the structure of foreign trade, which is much dependent on this shipping route. It is obvious that largely the lion's share of foreign trade is not in the sphere of bilateral relations between Russia and Turkey. It is the foreign trade with other countries. And it is much broader than bilateral relations. If the principle of pacta sunt servanda and the Law of the Sea is trampled who will be hit by this? I think it will hurt Greece, Austria, Italy, France, since many trading systems are adapted to the smooth operation of this mechanism. It is not that it will trouble Russia only, but it will create problems for a lot of countries that are accustomed to smooth functioning of the mechanism.

    As far as we (SCF Group) know the delays in the straits are quite normal for this season and technology.There is no reason so far to talk about any deviations from normal operation for this season and weather condition.

    In addition, I would like to note that today Russia's transport system has much greater opportunities than back in the 90s of the last century. Both in the pipeline and maritime transport, we have more reserves room for maneuver and flexibility. Much work has been done in this country by the industry specialists to ensure maneuverability of our transport system in the event of man-made and other emergency situation.

    Recorded by IAA PortNews.

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