Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    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.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & 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.

    Home > Finance > Oil washes up on Russia's Black Sea coast after tankers damaged, governor says
    Finance

    Oil washes up on Russia's Black Sea coast after tankers damaged, governor says

    Published by Global Banking & Finance Review®

    Posted on December 17, 2024

    2 min read

    Last updated: January 27, 2026

    The image depicts a damaged Russian oil tanker involved in a significant oil spill in the Black Sea, highlighting Ukraine's accusations against Russia for violating navigation safety rules and using outdated vessels.
    Oil tanker damaged in storm leading to Black Sea oil spill - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    Oil spill hits Russian Black Sea coast after tankers damaged in storm, raising environmental concerns.

    Oil Spill Hits Russia's Black Sea Coast After Tanker Damage

    MOSCOW (Reuters) - Spilled oil has washed up along "tens of kilometres" of the Russian Black Sea coast after two tankers were badly damaged in a storm at the weekend, a local governor said on Tuesday.

    Veniamin Kondratyev, the governor of Russia's southern Krasnodar region, said on his Telegram channel that fuel oil had been found along the coast from the districts of Temryuk to Anapa.

    "This morning, while monitoring the shoreline, stains of fuel oil were discovered. Oil products washed ashore for several tens of kilometres," he said.

    The Volgoneft 212 tanker split in half on Sunday in the Kerch Strait, between the Black Sea and the Sea of Azov, while the Volgoneft 239 ran aground 80 metres (87 yards) from the shore near the port of Taman in the strait.

    The more than 50-year-old ships were carrying some 9,200 metric tons (62,000 barrels) of oil products in total, Russian news agency TASS reported, raising fears it could become one of the largest environmental disasters to hit the region in years.

    A video posted on Zvezda TV's Telegram channel on Tuesday showed a black, oil-like substance along the coast of the Black Sea resort of Anapa, southeast of the Kerch Strait.

    The video showed oil-like stains along a beach strewn with tree branches.

    Meanwhile, a video broadcast by the state TV channel Vesti showed several birds covered with oil flapping their wings and struggling to fly.

    Russia's Natural Resources and Ecology Ministry said on Monday that fuel oil had leaked into the sea, but the scale of the spillage was still not clear.

    Natural Resources and Ecology Minister Alexander Kozlov said some of the fuel oil could have sunk to the seabed due to cold weather.

    The shipping industry has raised concern in recent months over the risks and potential for collisions posed by hundreds of "shadow" tankers in open sea lanes, with little incentive for these vessels to follow cleaner shipping standards.

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

    One member of the Volgoneft 212's crew was killed in Sunday's accident, while all 14 people on the Volgoneft 239 were rescued.

    (Reporting by Vladimir Soldatkin; Editing by Kate Mayberry)

    Key Takeaways

    • •Oil spill along Russian Black Sea coast after tanker damage.
    • •Volgoneft 212 split in half, Volgoneft 239 ran aground.
    • •Potential major environmental disaster in the region.
    • •Concerns over 'shadow' tankers and shipping risks.
    • •One crew member killed, all others rescued.

    Frequently Asked Questions about Oil washes up on Russia's Black Sea coast after tankers damaged, governor says

    1What is the main topic?

    The article discusses an oil spill along Russia's Black Sea coast caused by tanker damage during a storm.

    2What caused the oil spill?

    The oil spill was caused by two tankers, Volgoneft 212 and Volgoneft 239, being damaged in a storm.

    3What are the environmental concerns?

    The spill raises fears of a major environmental disaster in the region, affecting wildlife and the coastline.

    More from Finance

    Explore more articles in the Finance category

    Image for French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Image for Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Image for Analysis-Glencore to focus on short-term disposals as Rio deal remains elusive
    Analysis-Glencore to focus on short-term disposals as Rio deal remains elusive
    Image for Belgium's Agomab Therapeutics valued at $716 million as shares fall in Nasdaq debut
    Belgium's Agomab Therapeutics valued at $716 million as shares fall in Nasdaq debut
    Image for Big Tech's quarter in four charts: AI splurge and cloud growth
    Big Tech's quarter in four charts: AI splurge and cloud growth
    Image for EU hikes tariffs on Chinese ceramics to 79% to counter dumping 
    EU hikes tariffs on Chinese ceramics to 79% to counter dumping 
    Image for AI trade splinters as investors get more selective
    AI trade splinters as investors get more selective
    Image for EU extends tariff suspension on $109.8 billion of US imports for six months
    EU extends tariff suspension on $109.8 billion of US imports for six months
    Image for Dog food maker Ollie acquired by Spain’s Agrolimen
    Dog food maker Ollie acquired by Spain’s Agrolimen
    Image for Salzgitter to take over HKM steel joint venture, end clash with Thyssenkrupp
    Salzgitter to take over HKM steel joint venture, end clash with Thyssenkrupp
    View All Finance Posts
    Previous Finance PostECB imposes extra capital charge on 13 banks over leverage risk
    Next Finance PostGerman business sentiment tumbles in December