Tag: Russia

The situation in Ukraine and the sanctions regimes imposed against Russia are developing rapidly. Numerous Russian individuals and entities have been added to EU, UK and US sanctions lists over the last few days, with a particular focus on Russian banks and financial institutions. 

RIA Novosti quoted a message from the border service stating that at 11:00hrs UTC 24 February 22, in the Sea of ​​Azov, 21nm South of Mariupol, Russian civilian cargo ships SGV-FLOT and SERAPHIM SAROVSKIY were subjected to a missile attack by the Armed Forces of Ukraine.

ICS warned of potential supply chain disruption should the free movement of Ukrainian and Russian seafarers be affected.

On the morning of the 24th February 2022 Russian forces are understood to have commenced operations within Ukraine this is understood to have included blocking access to the Sea of Azov.

President Biden issued an Executive Order on February 21, 2022 imposing economic sanctions in response to Russia’s purported recognition of and deployment of troops in the Russian-ruled, breakaway enclaves of the Donetsk People’s Republic (DNR) and the Luhansk People’s Republic (LNR) in Ukraine.

10 people on board a bulker sustained poisoning from potential toxic fumes during loading, according to Russian media and authorities at the Russian port of Nevelsk. 

With tensions between Russia and Ukraine escalating over the past two months, the security situation in Europe has deteriorated with many supply chain operators fearing what is to come.

Ukraine criticized Russian naval exercises near its southern coast, saying the presence of warships have made navigation in the Black Sea and Azov Sea virtually impossible.

Russian warships entered the Barents Sea on January 27 to rehearse protecting a major shipping lane in the Arctic.

US's federal cybersecurity agencies are recommending operators of critical infrastructure to enhance their preparedness to counter Russian state-sponsored cyber operations.