Tag: Sanctions

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.

At the end of February, AP Moller-Maersk, an integrated container logistics company and member of the A.P. Moller Group, halted all purchases of Russian-origin oil.

Wärtsilä, a Finnish technology company who manufactures and services power sources and other equipment in the marine and energy markets, suspends all deliveries and sales to Russia following the invasion of Ukraine. 

Predictive Maritime Intelligence company, Windward, released its latest insight on the rise of “dark activity” involving tankers affiliated with Russian entities, or operating under the Russian flag.

The South Korean Ministry of Economy and Finance issued a joint statement with the Ministry of Foreign Affairs on 1 March 2022, setting out details of the measures that the South Korean government is taking against Russia. Subsequently, there were further measures introduced as of 7 March 2022.

On March 15 2022, the European Union has announced a fourth packages of sanctions against Russia in response to Moscow's aggression against Ukraine.