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The EU strikes again: 11th package of sanctions against Russia
On 23 June, the EU published its latest package of sanctions against Russia, with stronger anti-circumvention measures and tighter trade and transport prohibitions. The package introduces several new measures which directly impact the shipping industry and, more generally, the logistics industr …
Read more One year of European sanctions against Russia: revisiting the different packages
On 24th February 2023, marking the sad anniversary of the breakout of the new Russia-Ukrainian war, the European Union published its 10th package of sanctions against Russia. During the past year, the sanction regime imposed by the EU has tried to weaken the Russian economy and prevent Russi …
Read more Russian Sanctions Landscape - Latest Transportation Updates
The wind-down period for the transportation and ancillary services prohibitions for oil-laden tankers over the price cap for crude oil loaded before 5 December 2022 ended on 19 January. The new measures introduced as part of the ninth sanctions package regard both sectoral sanctions against …
Read more Russia sanctions: The Oil Price Cap… What’s next?
Following the recent introduction of the oil price cap exemption and the price cap coalition agreed by the G7, the US, the EU and Australia – and after a long and complicated debate between members of the price cap coalition – a decision has finally been made on the price cap amount. The …
Read more Russia Sanctions: Oil Price Cap Exemption
The G7, US, EU and Australia have agreed to implement a policy applicable to a broad range of services as they relate to the maritime transport of crude oil and petroleum products of Russian Federation origin. UK, EU and US entities are authorized to provide certain services as they are rela …
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