Sanctions News


EU Sanctions Target Russian Gas for the First Time

Jun 21, 2024

European Union countries agreed on a 14th package of sanctions against Russia over its war in Ukraine, diplomats said on Thursday, including their first restrictions on Russian gas.The package bans re-exports of Russian liquefied natural gas (LNG) in EU waters but stops short of banning imports as the bloc did in 2022 for Russian seaborne oil. Some EU countries still import pipeline gas from Russia via Ukraine…

Industry Leaders Highlight Impact of Increasing Protectionism

Jun 17, 2024

The International Chamber of Shipping (ICS) and the Chamber of Marine Commerce, Canada (CMC), convened over 120 industry leaders from 90 organisations and nearly 30 different countries to the Shaping the Future of Shipping Summit on Thursday 13 June…

US Issues Hundreds of Sanctions Targeting Russia, Takes Aim at Chinese Companies

May 01, 2024

The United States on Wednesday issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that took aim at Moscow's circumvention of Western measures, including through China.The U.S. Treasury Department imposed sanctions…

Reliance Refusing Sovcomflot Oil Shipments

Mar 20, 2024

India's Reliance Industries, operator of the world's biggest refining complex, will not buy Russian oil loaded on tankers operated by shipping company Sovcomflot (SCF) after recent U.S. sanctions, according to two sources familiar with the matter…

New US Sanctions More Likely to Curb Indian Imports of Russian Coal

Mar 01, 2024

New U.S. sanctions on Moscow are more likely than previous ones to cut Indian imports of thermal coal from Russia because they specifically cite top exporters SUEK and Mechel, three major traders of Russian coal said.Russia, historically a minor exporter of the fuel to India…

No New Import Bans in Next EU Russia Sanctions Package

Feb 04, 2024

The European Commission will not add any new import bans in its next package of sanctions on Russia, EU diplomats said, as a 13th package proposal takes its final shape.The Commission and European Union member states want to quickly pass a new…

Japan Responds to Fresh Sanctions on Arctic LNG 2

Sep 19, 2023

Japan will ensure stable and steady energy supply to the country even after the U.S. imposed fresh sanctions related to Russia's Arctic LNG 2 project, Japan's Chief Cabinet Secretary Hirokazu Matsuno said on Tuesday.The Arctic LNG 2 project…

Iranian Oil Cargo Being Unloaded After Long Delay

Aug 20, 2023

A cargo of Iranian crude oil that was seized by the United States was unloading on Sunday after waiting two-and-a-half months off the coast of Texas to discharge, ship tracking data showed.Suez Rajan, a Marshall Islands-flagged tanker, has been anchored off Galveston…

Seized Iranian-flagged Tanker Taken to Piraeus Port

Jul 02, 2022

An Iranian-flagged tanker seized by Greece in April, part of whose cargo was confiscated by the United States, was being towed to the port of Piraeus on Saturday, Greek coast guard officials said, after Greek authorities approved its release…

Maritime AI Firm Launches Russia Sanctions Compliance Tool

Mar 14, 2022

A predictive intelligence company applying AI global maritime trade has launched a solution to minimize risk exposure in maritime trade as it relates to ongoing sanctions against Russia.In response to the recent Russian invasion into Ukraine…

U.S. Thinking of Barring Russian Ships from U.S. Ports

Mar 03, 2022

The Biden administration is considering following Canada in barring Russian ships from U.S. ports, a government official said on Wednesday.A White House spokeswoman said no decision has been made.On Tuesday, Canada shut its ports to Russian-owned ships and barred them from Canadian waters…

Lithuania Could Ban Russian Vessels from Its Ports

Mar 02, 2022

Lithuania's government will vote on Wednesday on whether to ban Russian vessels from its ports following the invasion of Ukraine, the BNS news agency reported on Wednesday.'Ships sailing under an aggressor flag will have no place in the Klaipeda port…

US Imposes Fresh Sanctions on Iran

Jan 15, 2021

The United States on Friday sanctioned companies in Iran, China and the United Arab Emirates for doing business with the Islamic Republic of Iran Shipping Lines and on three Iranian entities over conventional arms proliferation.They are the…

US Hits Iran With Fresh Sanctions

Jan 05, 2021

The United States on Tuesday blacklisted a Chinese company that makes elements for steel production, 12 Iranian steel and metals makers and three foreign-based sales agents of a major Iranian metals and mining holding company, seeking to deprive Iran of revenues as U…

US Blacklists Chinese, UAE Companies Over Sale of Iranian Petrochemicals

Dec 17, 2020

The United States on Wednesday imposed sanctions on companies based in China and the United Arab Emirates, accusing them of supporting the sale of Iranian petrochemicals as Washington increases pressure on Tehran in the closing days of President Donald Trump's term…

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