24 maritime news articles about Russia sanctions
Circular issued by International Group clubs Circular issued by International Group clubs Changes to the Oil Price Cap Reference is made to Circular from 1 February 2024 wherein changes to the Oil Price Cap ( OPC ) scheme (which regulates the transport and insurance of Russian CN 2709 and CN 2710 cargoes) coming into e
US sanctions The nature of the relationship between Cuba and the US dates back to the some of the most intense periods of the cold war era. A thaw in relations under the Obama administration has led to some liberalisation of existing sanctions, but the Trump administration has adopted a more restrictive policy and in
The majority of the sanctions against Syria were lifted in 2025 following the fall of the Assad regime. However, certain individuals and entities remain subject to asset freeze measures so that each transaction will need to be evaluated carefully.
Latest changes & additions Iran On 8 May 2019 Iran has suspended its commitments under the JCPOA to sell surplus of enriched uranium in exchange for natural uranium, and to make excess heavy water available on the open market. Iran urged the E3, Russia and China to fulfil their banking and oil commitments to Iran
This circular provides an overview of the latest US sanctions on Iran, based on publications from the US Department of State and the Office of Foreign Assets Control (OFAC).
The circular provides an update on the OFAC’s designation of Ansarallah (i. e.
Home News and Resources News News 28 Mar, 2025 "EU Operators" - Reporting Requirements Tim Davies Head of Claims (Eastern Team) Reference has been made in the recent 16 th EU sanctions package to “EU operators”. Download PDF This in relation to the notification requirement of “ EU operators ” for excepted
Update to Circular dated 10 March 2025 regarding the recent sanctions against Russia: EU FAQs related to the Infrastructure Transaction Ban (Article 5ae of Council Regulation EU no. 833/2014).
This Circular highlights recent key sanctions imposed against Russia by the EU and the UK Home News & Resources Circulars Circular 07/25: EU adopts 16th Sanctions Package against Russia Nigel Carden Chairman Date 13 March 2025 Share this article This Circular highlights recent key sanctions imposed against Russia b
This sanctions package targets key sectors of the Russian economy which include trade, transport, energy, infrastructure, and financial services. It also includes additional measures targeting the ‘shadow fleet’ and sanctions circumvention.
This Circular highlights recent key sanctions imposed against Russia by the EU and the UK. Home News and Resources Notices to Members Notices to Members No.
Cefor has issued a Sanctions Due Diligence Questionnaire, containing a non-exhaustive list of key questions to ask as part of the due diligence process in respect of specific voyages that are high-risk in relation to sanctions.
On 24 June 2024 the EU Council adopted the 14th package of sanctions against Russia, which includes its first measures targeting Russia’s liquefied natural gas (LNG) sector, further export-related restrictions, sanctioning of vessels and new anti-circumvention measures, such as…
This IG circular provides an update to the information in our previous circular dated 5 December 2023 regarding temporary authorisation of certain transactions involving oil, gas and gold in Venezuela.
Sudan Sanctions Sanctions imposed on Sudan since late 1990s have been partially relaxed since the establishment of the independent South Sudan. Some sanctions remain in force.
Skuld and other members of the Nordic Association of Marine Insurers (Cefor) have released a Hull & Machinery circular relating to the updated requirements, including a form of per voyage price-cap per-voyage attestation. The G7 price cap coalition has published an update on the application of the price cap rules.
Circular issued by International Group clubs This circular highlights recent key developments in the sanctions imposed against Russia by the UK, EU and US. The Price Cap Members should refer to our Price Cap Circular dated 9 December 2022 for details of the Price Cap scheme which regulates the transport and insurance
Circular issued by International Group clubs Circular issued by International Group clubs On 11 December 2023, five US agencies (the Department of Justice, Commerce Department's Bureau of Industry and Security, Department of Homeland Security's Homeland Security Investigations, State Department's Directorate of Defense
The US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) recently issued 4 general licenses suspending certain sanctions in relation to transactions involving oil, gas, and gold in Venezuela. This includes a six-month General License No.
On 21 October 2024, the Price Cap Coalition ("Coalition") issued an Updated Advisory for the Maritime Industry which sets out best practice recommendations for those involved in the trade of Russian origin crude oil and petroleum products. The update also covers OFAC’s Compliance Communiquè on sanctions compliance gui
Circular issued by International Group clubs UPDATE – 10 February 2023 On 5 February 2023 the Price Cap Scheme intended to curb the revenue Russia derives from its petroleum exports was expanded as planned to set price caps for petroleum products of Russian origin which fall under CN code 2710. Two price caps have bee
Circular issued by International Group clubs This circular informs Members of the significant risk of evading the comprehensive international sanctions regime against the Democratic People's Republic of Korea (DPRK) which the United Nations Security Council introduced in 2017. Enforcement of sanctions generally, and a
Circular issued by International Group clubs Circular issued on 25 May 2018 outlined the potential repercussions for shipowners and insurers arising from the US Administration's decision to withdraw from the Joint Comprehensive Plan of Action (JCPOA) Agreement signed by China, France, Germany, Russia, the United Kingdo
Circular issued by International Group clubs Background Circular issued on 25 May 2018 outlined the potential repercussions for shipowners and insurers that will arise from the U. S.