Tag: Ukraine

Marine insurer Allianz Global Corporate & Specialty SE (AGCS) issued the Safety & Shipping Review 2022, explaining that while the Covid-19 pandemic resulted in few direct claims for the marine insurance sector, the impact on the welfare of crews and the boom in shipping and port congestion, exacerbated by the Ukraine invasion, raises potential safety concerns.

The European Commission said that it would work with EU governments to help Ukraine export millions of tonnes of grain stuck in the country because the Russian navy is blocking Ukrainian ports.

Russian-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.

UNCTAD Secretary General Rebecca Grynspan discusses the actions required to ensure global trade is equitable in the face of major challenges of Ukraine, COVID-19 and climate change.

Anglo-Eastern has adopted MarTrust's E-Wallet and card, launched in October 2021, to protect their payments and comply with sanctions regulations.

Ukraine’s president called the international community to end a Russian blockade of Ukraine's ports to allow wheat exports and prevent a global food crisis.

The United States imposed sanctions on 7 Russian shipping companies and dozens of vessels, following the ongoing invasion of Ukraine.

After the EU proposed to ban the import of Russian oil, it is now considering to also prohibit European companies from providing maritime transport for Russian petroleum, anywhere in the world. 

Maersk 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.

The European Commission has proposed a plan to phase out Russian oil imports, increasing its efforts to cut off a key source of funding for the Kremlin.