UK, EU reach agreement for insurance ban on Russian oil cargoes
The UK and EU agreed to a ban on insuring ships carrying Russian oil, after the European Council earlier agreed to ban seaborne imports of Russian oil.
Read moreThe UK and EU agreed to a ban on insuring ships carrying Russian oil, after the European Council earlier agreed to ban seaborne imports of Russian oil.
Read moreThe EU’s fifth package of sanctions against Russia included a prohibition on Russian flagged ships entering EU ports after 16 April 2022. Under this light, the West P&I Club provides further information on the matter.
Read moreAfter the IG Clubs published a Circular explaining that operators must now report to the Club all vessel calls to Russia and transits through Russian territorial waters, and the regulatory basis for this new requirement, the Shipowners Club provided FAQs for further explanation.
Read moreICS noted that ship operators are braced for further disruption to trading patterns as the European Union targets a sixth round of sanctions against Russia in response to its invasion of Ukraine.
Read moreThe war in Ukraine has prompted the European Union and other bodies to impose a number of sanctions on Russia. The extensive import of energy (crude oil, oil products, LNG, coal) is not (yet) affected by sanctions, but the export and transhipment of containers in particular suffers from the uncertainty caused by the war and the sanctions, mentions the Port of Rotterdam authority.
Read moreOn 17 March 2022 the UK Government published a General Trade Licence to clarify earlier amendments to the UK Russia sanctions.
Read moreThe US decided to ease sanctions to enable Venezuelan oil to be transported to Europe to help those countries reduce their dependence on Russian oil.
Read moreRussian-Ukrainian war has caused widespread disruption to global shipping, and is likely to exacerbate ongoing supply chain disruption, port congestion and crew crises caused by the pandemic.
Read moreThe United States imposed sanctions on 7 Russian shipping companies and dozens of vessels, following the ongoing invasion of Ukraine.
Read moreMaersk announced that it has stopped all vessel operations in Russia and service with Belarus, while at the same time it is “winding down” its domestic operations in both countries.
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