West P&I Club has issued a notice regarding the transport of non-sanctioned cargoes to or from Russia subject to the US, EU and UK Regulations and by way of a general licence under the UK Regulations.
As explained, while the transport of certain iron products from Russia to the EU is permitted by way of fixed quotas, the same does not apply to the UK Regulations.
In particular, the following products are listed as restricted under the UK Regulations:
- 7201 Pig iron and spiegeleisen in pigs, blocks or other primary forms
- 7202 Ferro-alloys
- 7203 Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99.94%, in lumps, pellets or similar forms
- 7204 Ferrous waste and scrap; remelting scrap ingots of iron and steel
- 7205 Granules and powders, of pig iron, spiegeleisen, iron or steel
The cargoes listed are subject to restrictions which effectively prohibit UK persons from directly or indirectly supplying or delivering such goods from a place in Russia to a non-UK country, which would include the EU. Associated financial assistance, which would include Club cover, is prohibited.
