Rosneft contractors may pay less than 0.01% of damages from 2024 fuel oil spill in the Kerch Strait
The owners of the Volgoneft-212 and Volgoneft-239 tankers, both of which split in two amid a storm in the Kerch Strait on Dec. 15, 2024, may pay less than one-hundredth of 1% of the real damage caused to the Black Sea ecosystem . According to The Insider’s analysis, all three companies linked to the tankers have minimal assets and a yearslong history of unpaid obligations to creditors. Bankruptcy…
Rosneft contractors could face fines of less than 0.01% from a 2024 fuel oil spill in the Kerch Strait, according to the latest assessments. The incident involved two tankers, Volgoneft-212 and Volgoneft-239, owned, shipped and consigned by Rosneft. After breaking in half, the vessels began leaking approximately 8,500 tons of low-grade heavy fuel oil.
The spill, which affected coastal waters in Turkey, Georgia, Romania, and Bulgaria, has been deemed the most serious environmental disaster in Russia since the start of the 21st century.
The environmental damage from the wreck of the tankers is estimated at 84.9 billion rubles, with Kama Shipping and Volgatransneft responsible for different portions. Kama Shipping must pay 49.46 billion rubles, while Volgatransneft must compensate the state for 35.48 billion rubles. Both companies are also facing numerous enforcement proceedings, with the chances of recovering the damages appearing extremely low due to the companies' financial troubles and inability to establish their assets' location.
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