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Ukraine crisis Sanctions Risk and Compliance

Ukraine’s Iranian trade ban defied by grain operators

  • According to Lloyd’s List Intelligence data, over the past two years, at least 10 vessels discharged Ukrainian grain in Iran
  • At least half of the vessels used deceptive shipping tactics or changed the bills of lading in Türkiye
  • It is not against the sanctions to export grain to Iran, but experts believe it is mostly a reputational issue that causes operators to try to hide the trade

  • Analysis

Sophisticated deceptive shipping practices taken straight from the shadow fleet playbook are used to hide the deliveries

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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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