Tag: US Sanctions

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Russian tanker transfers fuel to North Korean ship, despite sanctions

A Russian tanker breached trade sanctions as it transferred fuel to a North Korean ship at sea at least four times between October 2017 and May 2018, according to two crew members who saw the transfers. During these transfers, the ship had declared the Port of Ningbo in China, as its destination. However, the crewmembers who gave this information, did not provide evidence of the violation of the sanctions.

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US sanctions create payment problems

The Swedish Club has previously advised that sanctions against Iran cause payment problems because banks have proven reluctant to make any payments having even a connection with Iran notwithstanding that the payment may be perfectly legitimate. In line with its previous announcement, the Club now informed that the problem is not isolated to Iran.

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