Tag: Ukraine

The economic sanctions targeting Russia continue to evolve and escalate with many being coordinated among the EU, UK, US, and their allies including sanctions against President Putin and the Central Bank of Russia. Standard Club's experts Mrs Ursula O'Donnell and Mrs Gina Venezia provide a summary of some of the recent actions.

Joining many others in the call for a swift and peaceful end to the current Russian invasion of Ukraine, IUMI made a statement to reassure that marine underwriters will continue to support their assureds during this difficult time.

In light of the current conflict between Russia and Ukraine, the A.P. Moller, Maersk has issued a recent update announcing that they are closely monitoring and preparing to comply with the ever-evolving sanctions and restrictions while also considering a possible suspension of Maersk bookings to and from Russia on ocean and inland.

The UK government receives calls to ban Russian ships from British ports, after it was announced that the Russian-owned oil tanker NS Champion will arrive in Orkney this week.

In light of the Ukraine-Russia tension, the IMO Secretary-General, Kitack Lim, issued a statement supporting the call of UN Secretary-General António Guterres for hostilities to cease immediately.  

French officials claim that marines patrolling the English Channel area have intercepted a cargo ship sailing under the Russian flag and escorted it to the port of Boulogne-Sur-Mer for an investigation. What is more, unconfirmed information wants two ships to have been detained by the Russian Navy in proximity to Snake Island.

The Ukrainian armed forces made a post on social media claiming that the Romanian-flagged bunkering vessel Millenium Spirit was hit off Odessa by a Russian ship.

62 million tons of the almost 470 million transhipment in the Port of Rotterdam is Russia-oriented, the port informed, noting that there could be bottlenecks and higher prices.

The container shipping sector of COSCO Shipping will stop accepting new bookings for cargoes to and from Ukraine, while Maersk has also halted all port calls in Ukraine until the end of February.

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.