Maritime Remains on Margins of U.S. Sanctions — But Caution Advised
When US President Joe Biden announced a ban on the country’s limited Russian energy imports, provisions buried in the measure placed restrictions on America's involvement in Russian energy transport. But those measures — unlike those targeting Iran — did not make shipping a major target, for now at least.
[…]
“They are different from, say, Iran because they haven’t especially focused on the shipping industry, and until this week had created a carve out for energy,” Blank Rome sanctions lawyer Matthew Thomas told TradeWinds.
“We’re advising clients to keep closely monitoring the situation, because it’s clearly changing on a day-to-day basis, and everyone needs to pay very close attention to banking issues because these sanctions are focused very heavily on banks and banking.”
To read the full article, please click here.
“Maritime Remains on Margins of U.S. Sanctions — But Caution Advised,” by Eric Priante Martin was published in TradeWinds on March 11, 2022.