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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Finance

    Posted By Global Banking and Finance Review

    Posted on December 16, 2024

    Featured image for article about Finance

    MOSCOW (Reuters) - Two Russian tankers that spilled oil into the Kerch Strait after sustaining serious damage during a heavy storm on Sunday were carrying 9,200 metric tons (62,000 barrels) of oil products at the time, the state TASS news agency reported.

    How much of the fuel leaked is being determined, TASS said. It said the Volgoneft 212 was carrying roughly 4,900 tons of fuel oil at the time, and the Volgoneft 239 4,300 tons.

    Russia's emergencies ministry said on Monday that all 14 crew members from the Volgoneft 239 had been rescued. The vessel ran aground 80 metres from the shore near the port of Taman.

    The Kerch Strait, which separates mainland Russia from Moscow-annexed Crimea, is a key route for exports of Russian grain and fuel products.

    The spill has the potential to be one of the largest environmental disasters to affect the region in recent years.

    On Sunday, one crew member was killed after the Volgoneft 212 split in half with its bow sinking. Eleven others were taken to a local hospital.

    President Vladimir Putin on Sunday ordered the government to set up a working group to deal with the rescue operation and mitigate the impact of the spill, Russian news agencies cited Kremlin spokesman Dmitry Peskov as saying.

    (Reporting by Reuters; Writing by Lucy Papachristou; Editing by Andrew Osborn)

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