Turkey will increase the price for passage through the Bosphorus and Dardanelles by five times - in accordance with the rights granted by the Montreux Convention. This was reported by the Turkish newspaper Sabah with reference to sources.
Turkey has canceled the payment system of charging fees across the straits, introduced in 1983, the newspaper writes. Payment is made in French francs at the rate of 0.8 dollars per franc. From October 7, the exchange rate will be four dollars per franc. This currency is no longer used, so Ankara accepts payment in Turkish lira.
Currently, the country earns 40 million dollars a year from the passage of ships and vessels through the straits. According to the newspaper, Turkey's annual profit will increase to 200 million dollars.
The 1936 Montreux Convention is a document that restored Turkey's sovereignty over the Bosphorus and Dardanelles straits from the Black Sea to the Mediterranean Sea. According to Article 19 of the convention, Turkey can close the straits to the ships of belligerent countries. The only exception is ships returning to the parking lot.
Currently, this rule applies to ships of Russia and Ukraine. But at the beginning of August, the Bloomberg agency reported that Moscow does transport weapons through the Bosphorus. In particular, the flight carrying military equipment from the Syrian port of Tartus to Novorossiysk was mentioned.