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Search for ships currently entered in the London P&I Club by their name or I M O number Search Search for correspondents in our global network by country/area or port/city Search EU Sanctions - Russia – Measures Potentially Affecting Shipping and Insurance 4 March 2022 Further to our previous news alert of 2 March that included an outline of the Russia related sanctions reported to have been implemented by the European Union in light the deteriorating situation in Ukraine (click here ), details of the wide package of measures have subsequently been issued and are contained in EU Regulation 2022/328 – to access a copy click here . Members who might be impacted by these new measures are encouraged to read the Regulation in full. The measures of particular potential impact on Members and Clubs are summarised as follows: Prohibition on the sale, supply, transfer or export of dual-use goods and technology (that is, goods which have both a potential civil and military application, a list of which can be found in Annex I to EU Regulation 2021/821 ). Certain limited exemptions are permitted under authorisation from a competent EU authority, including for performance of contracts concluded before 26 February 2022 involving non-military end users provided the authorisation is sought before 1 May 2022; Prohibition on the sale, supply, transfer or export of goods and technology which might contribute to Russia’s military and technological enhancement, or development of the defence and security sector, as listed in Annex VII of the Regulation (noting in particular a specific category for marine-related goods in Category 8), with similar limited exemptions and authorisation procedures as above; Prohibition on the sale, supply, transfer or export of goods and technology suited for use in oil refining as listed in Annex X of the Regulation, with an exemption until 27 May 2022 for the performance of contracts concluded before 26 February 2022; Prohibition on
EU Sanctions - Russia – Measures Potentially Affecting Shipping and Insurance
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