Tag: Sanctions

As part of the European Union sanctions imposed on Russia over its invasion of Ukraine, Greece has impounded a Russian oil tanker off the island of Evia.

The European Sea Ports Organization (ESPO) supports the European Union's 5th sanction package against Russia, as adopted by the Member States on 8 April, following the illegal invasion of Ukraine. 

Shipowners associations condemn in the strongest terms Russia for the on-going war and invasion of the sovereign state of Ukraine. The decision by the Russian Government to invade Ukraine and the consequences of this decision need to stop immediately.

According to the Standard Club, Australia and New Zealand have imposed many sanctions against Russia and continue to make additions, following the military invasion of Ukraine in late February 2022.

The Shipowner's Club informs that Russia has announced retaliatory sanctions measures in response to the widespread sanctions issued by various governments, which Russia has so-called “unfriendly countries,” including the UK, EU member states and the USA.

The European Commission proposed new sanctions against Russia, including a ban on buying Russian coal and on Russian ships entering EU ports, while it is also working on banning oil imports too.

Baltic Exchange emphasizes that UK persons are prohibited from broking, chartering and selling vessels to persons connected with Russia, and if they do so, they would breach UK sanctions.

Marine fuel sellers have stopped serving vessels that have a flag of Russia at major European hubs, such as Malta and Spain, as another effort to blow the exports of Moscow, following the invasion of Ukraine. 

Predictive Maritime Intelligence company, Windward, released its monthly executive summary for March 2022, indicating that this month has been chaotic with the intensification of deceptive shipping practices following Russian sanctions.

As the Standard P&I Club informs. Japan has imposed several rounds of sanctions targeting Russia, as a response to the country's military invasion of Ukraine in late February 2022.