IT IS very possible that Vladimir Putin had not anticipated the impact of economic sanctions being as big a threat as they have become.

After all, even the ‘maximum pressure’ push on the likes of Iran and Venezuela has not curtailed trade in sanctioned oil, nor have they toppled those regimes.

But having expelled the 11th biggest economy from the global payments network, the flow of money across borders is seizing up and the flow of trade is rapidly following suit as the shipping industry self-sanctions its way out of a complex matrix of Russian ventures and beneficial ownership links. 

Foreign investors are now fleeing the country in droves and a good proportion of shipping companies are now no longer touching anything to do with Russia. 

In this week’s edition of the Lloyd’s List Shipping Podcast, analysts from across the global Lloyd’s List and Lloyd’s List Intelligence team assess what impact Russia’s invasion of Ukraine has had on global seaborne trade and shipping operations.

Lloyd’s List editor Richard Meade is joined by an all-star cast of experts who have been tracking the markets and the fallout from sanctions that has seen Russia swiftly become an international pariah state.

The team look at the industry’s exposure to Russian interests, the impact of energy, commodities and container markets, the extent of sanctions, insurance and legal concerns.

Speaking on the podcast this week:

• Michele Wiese Bockmann, Lloyd’s List Markets editor

• James Baker, Lloyd’s List Containers Editor

• David Osler, Lloyd’s List Law and Insurance Editor,

• Nidaa Bakhsh, Lloyd’s List Senior Reporter

• Bridget Diakun, Lloyd’s List Data Reporter

• Sebastian Villyn, Lloyd’s List Intelligence Head of Risk & Compliance Data