February has seen the EU particularly active: it has published: a) guidelines on how to ensure compliance with its 12th package of sanctions – which impose a prohibition, among other things, on EU nationals selling oil tankers to Russian entities and an obligation to notify the sale of oil tankers to third countries; and b) its 13th package of sanctions against Russia.

What are the main elements of this new package?

What are the prohibitions on sale of oil tankers? What guidance is being provided on such prohibitions?

Our Shipping, Transport & Logistics Focus Team breaks it all down in the document available here.