Sanctions against Russia: Check your counterparts and contractsIssuing time:2022-03-30 09:02 With sanctions imposed on Russian interests by the EU, UK, US and others, it is crucial that shipowners and operators check their counterparts and contracts immediately. The situation is currently changing rapidly, and more sanctions announcements could be on the way. Specially Designated Nationals and Blocked Persons (“SDN Lists”) It is not sufficient to check that the companies you are doing business with are on the SDN lists – vessels and entities indirectly owned 50 percent or more in aggregate by one or more persons on the SDN List are also covered by sanctions. Practical steps to take immediately
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