24 maritime news articles about Russia sanctions
Home Publications Articles EU Commission Introduces New Insurance Requirement for Ships in Mandatory Reporting Areas EU Commission Introduces New Insurance Requirement for Ships in Mandatory Reporting Areas Publications Sacha Patel Published: February 20, 2025 Contact author Download article pdf On 19 February 2025, th
The UK has implemented a number of sanctions in response to Russia’s invasion of Ukraine. The applicable UK legislation is The Russia (Sanctions) (EU Exit) R...
On 16 December the EU adopted its 9th package of Russian sanctions. Below is an overview of the main changes.
On 16 December 2022 the EU adopted the 9th package of Russian sanctions. A number of Regulations and Decisions were published (full details can be found here) but of particular significance for Members is Council Regulation (EU) 2022/2474 which further amends Regulation (EU) 833/2014 (the Regulation).
Home Publications Articles UK-Russia Sanctions - New Trade Restrictions UK-Russia Sanctions - New Trade Restrictions Publications Sacha Patel Published: July 28, 2022 Contact author Download article pdf On 21 July 2022 the UK government imposed further trade restrictions against Russia under The Russia (Sanctions) (EU
Please check the following site for the latest Russia sanctions updates: Home / News / Member Alert / Russia – EU and UK sanctions and US sanctions updated Member Alert Russia – EU and UK sanctions and US sanctions updated 23 June, 2022 Please check the following site for the…
Circular issued by International Group clubs General Trade Licence dated 17 March 2022 – Reporting of vessel calls to Russia and transiting Russian territorial waters On 17 March 2022 the UK Government published a General Trade Licence in part to clarify earlier amendments to the UK Russia (Sanctions) (EU Exit) Regulat
Please note that our INSIGHT: Russia Sanctions page has been updated with Sanctions in response to Russia’s recognition of Donetsk and Luhansk People Republics. See Russia Sanctions .
Circular issued by International Group clubs Circular issued by International Group clubs Introduction Since 2010, considerable sanctions' activity has been directed at shipping and its supporting industries reflecting the fact that 90% of world trade involves the carriage of goods by sea. The purpose of this Circular
On 10 January 2020 the US President issued a new Executive Order imposing sanctions against anyone (including non-US persons) who is engaged in owning, operating, trading with, or assisting sectors of the Iranian economy including construction, manufacturing, textiles, and mining or any other sector of the Iranian econ
The United States administration continues to escalate sanctions targeting non-US persons involved in the shipping industry.
On 5 August 2019 the US administration significantly increased scope of sanctions against the Maduro regime in Venezuela.
The use of Automated Identification Systems has become a focus of attention in the context of sanctions and is now seen by governmental and inter-governmental agencies as an important tool in the enforcement of national and international sanctions. Almost all ships in commercial operation are required to have AIS on b
The one year anniversary of the withdrawal of the US from the JCPOA on 8 May has been marked by a further significant escalation of US Sanctions against Iran, the target on this occasion being the iron, steel, aluminium and copper sectors. More information is available in Insight on Iran sanctions.
On 25 March 2019, the US Department of the Treasury published an OFAC Advisory to the Maritime Petroleum Industry which highlights sanctions risks related to petroleum shipments involving Iran and Syria. The Advisory does not provide a comprehensive summary of US sanctions but serves as a clear warning that the US gov
On 8 May 2018 President Donald Trump announced his decision to abandon the 2015 Iran nuclear deal - the Joint Comprehensive Plan of Action (the "JCPOA") agreed in July 2014. While some tightening up of sanctions was expected, Trump has gone further than some expected.
Circular issued by International Group clubs Introduction Members are referred to our Circular published on 24 February 2016 and Up-date published on 10 March 2016 concerning Iran sanctions. This Circular is intended to update members on the latest developments in relation to the interim and longer-term solutions to t
Members will be aware from the International Group Circular published on February 2016 (in particular paragraph 10), that the International Group has been seeking both interim and long term solutions to the continuing application of US primary sanctions to US domiciled reinsurers participating in the Group's reinsuranc
Circular issued by International Group clubs Introduction 1. Members are referred to our Circular published on 19 January 2016 concerning developments with regard to Iran sanctions.
Circular issued by International Group clubs This circular advises members of the current position on their insurance cover arrangements with the regard to the partial lifting of Iran sanctions under the Joint Comprehensive Plan of Action (JCPOA). Lifting of EU and US secondary sanctions "Implementation Day" under the
On 14 July 2015, the E3/EU+3 states (US, Russia, China, UK, France and Germany together with the EU) and Iran agreed a Joint Comprehensive Plan of Action (JCPOA) which is designed to ensure that Iran's nuclear program will be exclusively peaceful. The JCPOA provides Iran with phased sanctions relief after "Implementat
Tanker operators should take note of the recent targeting of ship owners as part of attempts to export crude oil originating from Iran in breach of applicable sanctions by means of ship to ship (STS) transfers at Khor Fakkan in the UAE. Several attempts have been made to export Iranian oil to destinations which do not
Circular issued by International Group clubs This circular should be read in conjunction with the circular published on 28 January 2014 regarding the temporary relief of EU and US sanctions measures relating principally to transportation and insurance of petrochemical cargoes from Iran and Iranian crude to ND
Circular issued by International Group clubs Six month suspension of insurance prohibitions 20 January 2014 – 20 July 2014 Following the US/EU announcements (and publication of relevant regulations/guidance) of a six-month suspension of current sanctions measures relating to certain trade with Iran, including sanctions