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Sanctions Risk and Compliance Political Risk and Trade

Compliance confusion grows as UK ramps up sanctions pressure

  • Gap between UK sanctions policy and legislation leave shipping compliance in limbo
  • Calls to drop ‘confusing’ oil price cap and move to a simple ban on Russian oil and products
  • ‘Russian oil is off the market,’ according to UK Chancellor, but legal position is unclear

  • News

Insurers and lawyers are raising concerns that the increasingly aggressive sanctions stance of the UK means vessels engaged in a lawful oil-price-cap-compliant trade involving Russia are potentially now at risk of designations

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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