London P&I Club news alert
The London P&I Club has issued news alert to provide information on the new EU, US limited sanctions due to the situation in Ukraine.
Operators whose vessels are due to load cargoes from Kerch and Theodosia, Crimea, however, should be aware that customs/local authorities may deny Ukrainian cargoes customs clearance and may prevent and/or cause delays to loading.
The EU has issued Decision 2014/119/CFSP and Council Regulation No 208/2014 which relate to the freezing of funds and economic resources of designated persons identified as responsible for misappropriation of Ukrainian state funds and violence.
In the US, the President has signed a new Executive Order imposing sanctions against any individual or entity responsible for or complicit in actions that undermine the democratic process or threaten the peace, security and stability of Ukraine.
Source: The London P&I Club
