The vote follows months of stalling that saw Turkey demand certain concessions from Finland and its neighbor Sweden.
Crude oil loadings from Turkey’s Baku-Tbilisi-Ceyhan terminal in the Mediterranean have been suspended, following earthquakes that devastated Turkey and Syria.
Sweden and Finland have worked to try and improve their relations with Turkey, but recent events have thrown fresh wrenches into any hopes for progress.
There is a political angle, country analysts say: Turkey’s general election is due to be held in June 2023.
Much of the oil being held up by Turkey is Kazakh-origin and not subject to a Russian crude price cap, but shipment delays may impact the global energy market.
Tankers shipping Russian oil face new Turkish insurance rules and delays which will worsen with a ‘shadow fleet’ of Chinese and Indian refiners likely buyers.
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