India faces no immediate impact of oil tanker pileup in Turkey: Officials

Situation could change if jam in Bosphorus Strait continues as a result of sanctions on Russian seaborne crude, they say

An oil tanker pileup off the coast of Turkey is not expected to impact the flow of Russian crude to India for now, senior government officials told 'Business Standard' on Thursday.

They said most of the tankers are not headed to India but the situation might become difficult if it persists beyond another week or so. Some 30 oil tankers have jammed up in front of Turkey’s Bosphorus Strait as Ankara's demands insurance papers from them: an effect of the G7’s sanctions against Russian seaborne crude that went into effect this week.

"The situation is not detrimental to the flow