Tag: Sanctions

The Government of the Hong Kong Special Administrative Region (HKSAR) gazetted the United Nations Sanctions (Haiti) Regulation on 3 March 2023.

On June 3, 2022, the EU adopted a sixth package of sanctions that banned imports of seaborne crude oil from Russia into the EU (effective December 5, 2022) and banned seaborne imports of petroleum products from Russia, including diesel fuel (effective February 5, 2023).

On 25 February 2023 the EU adopted the 10 package of Russian sanctions. 24 February marks one year since Russia's full-scale invasion of Ukraine and 9 years since the beginning of Russia's illegal invasion and occupation of Ukrainian territory.

A 'shadow fleet,' or 'dark fleet,' has continued transporting Russian oil despite sanctions, explains the World Economic Forum (WEF) in a recent article. The oil revenue it provides helps fund Russia's military aggression.

After Spain prohibited the entry of the Singapore-flagged tanker Maersk Magellan into Tarragona port few days ago, international media reports that it is now seeking for a new port outside Europe.

Windward published its January 2023 insights from the Russia Risk Report, indicating how the West is still avoiding doing business with Russia.

Following an in-depth analysis of European sanction packages prohibiting engineering services with Russian companies, GTT announced that it is ceasing its activities in Russia.

On 16 December 2022 the EU adopted the 9 package of Russian sanctions including a number of Regulations and Decisions. Britannia P&I Club issued update to remind operation in which circumstances the EU sanctions apply. 

US published a document providing guidance on the implementation of the price cap policy for crude oil of Russian Federation origin.

The EU adopted an eighth package of sanctions on 6 October 2022 in response to Russia's continued military aggression against Ukraine.