The Law of Ukraine on Sanctions No. 1644-VII has been in force in Ukraine since 2014 and provides for a non-exhaustive list of 24 possible sanction types
Russia-Ukraine Crisis: External Resources
23/02/2022
The Club have collated external resources and information relevant to the current crisis in Ukraine.
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.
This Circular provides information on the recent designation by the Government of the United States on Venezuela's Maritime Authority (Instituto Nacional de los Espacios Acuaticos - "INEA").
This Circular concerns efforts by the United States to enhance the sanction provisions targeting the construction of the NS2 and TurkStream pipeline projects and those who provide vessels and services in connection with either project.
U.S. sanctions update
25/06/2020
During the last few weeks, U.S. authorities have increased their focus on international shipping in a recent escalation of sanctions.
Sanctions: COSCO license update
20/12/2019
The UK P&I Club have received the following client alert from Freehill Hogan and Mahar, regarding a COSCO license update.
Sanctions: OFAC De-Lists Ventspils
20/12/2019
The UK P&I Club have received the following client alert from Freehill Hogan and Mahar, regarding the delisting of Ventspils by OFAC.
US: Recent Sanction Developments
13/12/2019
The UK P&I Club have received the following update from Freehill, Hogan and Mahar LLP, regarding recent sanction developments.
The UK P&I Club has received the following update from Freehill Hogan and Mahar regarding an established winddown period for COSCO.
The UK Club have received the following update from Freehill Hogan and Mahar, regarding the United States decision to lift sanctions on Turkey.
Northern Cyprus: Reminder of restrictions on vessel calls to Famagusta, Karavostasi and Kyrenia
12/09/2019
Members are reminded that the Council of Ministers of the Republic of Cyprus issued an Order in 1974 (Order P.I
The U.S. Department of Treasury's Office of Foreign Assets Control (OFAC) has continued to focus on international shipping as a means to implement the Iranian sanctions program and has now turned its attention to the bunkering of vessels engaged in Iranian trade or involving Iranian vessels.
On Monday 5 August, 2019, President Trump issued Executive Order 13884, effectively blocking the assets of the Government of Venezuela in the United States or in the possession and control of any United States person.
On May 8, 2019, exactly one year after President Trump announced that the United States was withdrawing from the Joint Comprehensive Plan of Action ("JCPOA") and would re-impose the U.S
As reported in Circular 16/18 when U.S. secondary sanctions were re-imposed against the purchase and carriage of Iranian crude oil, petroleum products, liquified gases and petrochemicals, in November 2018, eight countries - China, Greece, India, Italy, Japan, South Korea, Taiwan, and Turkey - were granted waivers, known as Significant Reduction Exemptions ("SREs"), to permit the import of limited amounts of Iranian crude oil up to 2 May 2019.
Members whose trade involves Venezuela should be aware that OFAC has recently added to the SDN list four ship owning companies and nine vessels.
Freehill, Hogan and Mahar have just issued the latest client alert on Venezuelan Sanctions
Following the President's May 8, 2018 decision to withdraw from the JCPOA and to begin re-imposing the U.S
Members will have noted the decision by President Trump announced on May 8 to withdraw the USA from participation in the JCPOA (Joint Comprehensive Plan of Action) agreed between Iran, the EU, and the P5+1 (the five permanent members of the United Nations Security Council - China, France, Russia, United Kingdom, United States - plus Germany), and to re-impose US nuclear-related sanctions.