Russia-Ukraine conflict

This page collates updates, circulars and other material relevant to the current crisis in Ukraine.

If members become aware, or have concerns, that their clients and/or parties in a transaction have become a sanctioned entity, or are concerned as to whether the sanction regimes apply to any of their transactions, they should contact specialist sanctions lawyers as soon as possible.

Circulars

02/12/2022

ITIC circular: Sanctions against Russia - The upcoming oil price caps on 5 December 2022

On 6 October 2022, the EU further amended its Russian sanctions legislation to pave the way for its coming price cap on Russian oil and petroleum products...

27/09/2022

ITIC circular: EU sanctions against Russia update

On 19 September 2022, the EU issued two amended Russia-sanctions FAQs on the import, purchase, and transfer of listed goods (nos. 2 and 4 available). Read the full circular here...

16/09/2022

ITIC circular: EU sanctions against Russia

Since Russia’s invasion of the Ukraine in February 2022, the European Union has progressively intensified its sanctions against Russia.

04/04/2022

ITIC circular: Baltic Exchange update regarding sanctions imposed on Russia

The following circular has been produced by the Baltic Exchange in regards to the sanctions imposed on Russia...

18/03/2022

ITIC circular: EU impose further sanctions on Russia

The following circular has been produced by the UK P&I Club in regards to the latest sanctions imposed by the EU on Russia...

03/03/2022

ITIC circular: Update - legislation relating to the banning of Russian connected vessels to UK ports

Further to our circular of 1st March on the banning of Russian connected vessels to UK Ports, please see the link to the legislation detailing the ban...

01/03/2022

ITIC circular: UK orders its ports to block all Russian-linked ships

The UK Secretary of State for Transport, Grant Shapps, has written to UK ports requesting that they deny entry to vessels that they have reason to believe are connected with Russia or any individuals who have been sanctioned.

25/02/2022

ITIC circular: Sanctions against Russia

The US, UK, EU and other countries have updated and announced new sanctions on Russian individuals and entities (including banks) and trade with specific regions in light of Russia’s invasion of Ukraine. The situation is evolving quickly and further sanctions can be expected to follow.

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Useful Links:

BIMCO: Ukraine/Russia Hub - Ukraine - overview of content

UK P&I Club: Russia-Ukraine Crisis

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US:

EU:

Russia Ukraine conflict