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Emergency Contact IG Circular - EU sanctions – clarification published on the carriage of certain Russian cargoes including coal and fertilisers Home Latest updates News IG Circular - EU sanctions – clarification published on the carriage of certain Russian cargoes including coal and fertilisers 12 Aug 2022 Download Sign up for alerts On 10 August 2022 the European Union (EU) published updated FAQs clarifying the application of provisions relating to the carriage of certain cargoes from Russia, including coal and other solid fossil fuels as well as certain types of fertilizer. As this Circular sets out, these clarifications will have a significant impact on the carriage of these commodities by EU entities and the provision of insurance for carriage to any entity regardless of their domicile. On 8 April 2022 the EU published Council Regulation 2022/576 which amended Regulation 833/2014 and contained the following provisions: Article 3i 1. It shall be prohibited to purchase, import, or transfer, directly or indirectly, goods which generate significant revenues for Russia thereby enabling its actions destabilising the situation in Ukraine, as listed in Annex XXI into the Union if they originate in Russia or are exported from Russia. 2. It shall be prohibited to: (a) provide technical assistance, brokering services or other services related to the goods and technology referred to in paragraph 1 and to the provision, manufacture, maintenance and use of those goods and technology, directly or indirectly in relation to the prohibition in paragraph 1. (b) provide financing or financial assistance related to the goods and technology referred to in paragraph 1 for any purchase, import or transfer of those goods and technology, or for the provision of related technical assistance, brokering services or other services, directly or indirectly in relation to the prohibition in paragraph 1. 3. The prohibitions in paragraphs 1 and 2 shall not apply to the execution until 10 July 20
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pi_circular Shipowners' Club ·2022-08-11

IG Circular - EU sanctions – clarification published on the carriage of certain Russian cargoes including coal and fertilisers

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