The London P&I Club is the trading name of The London Steam-Ship Owners' Mutual Insurance Association Limited and its subsidiary The London P&I Insurance Company (Europe) Limited. The London Steam-Ship Owners' Mutual Insurance Association Limited. Registered in England No 10341. Registered Office: 50 Leman Street, London, E1 8HQ. The London P&I Insurance Company (Europe) Limited, a private limited liability company registered in Cyprus, No HE410091. Registered Office: Esperidon 5, 4th Floor, Strovolos, 2001, Nicosia. 22 December 2022 TO ALL MEMBERS Dear Sir or Madam EU adopts ninth package of Russia sanctions On 16 December 2022 the EU adopted the 9 th package of Russian sanctions. A number of Regulations and Decisions were published (full details can be found here) but of particular significance for members is Council Regulation (EU) 2022/2474 which further amends Regulation (EU) 833/2014 (the Regulation). Members are reminded that EU sanctions apply in the following circumstances: - within the territory of the EU, including its airspace - on board any aircraft or any vessel under the jurisdiction of a Member State - to any person inside or outside the territory of the EU who is a national of a Member State - to any legal person, entity or body, inside or outside the territory of the EU, which is incorporated or constituted under the law of a Member State - to any legal person, entity or body in respect of any business done in whole or in part within the EU. The main sanctions which are relevant to the maritime sector are summarised below. All references to regulations in brackets relate to EU Regulation 833/2014 (as amended). In addition, a further 200 individuals and entities have been designated to the EU sanctions list meaning they are subject to an assets freeze. This includes Russian armed forces, defence industrial companies, members of the Russian Parliament (State Duma and Federation Council) and political parties. Dual-use goods & technologies New export restrictions have been introduced on dual-use goods and advanced technologies that can contribute to the technical advancement of Russia's defence and security sector. This includes a ban on exporting drone engines, certain chemical and biological equipment, riot control agents and electronic components to Russia. - 2 An additional 168 entities have been added to the list of entities closely linked to Russia’s military and industrial complex, to whom these tighter export restrictions apply. This includes certain Russian-controlled entities based in Crimea or Sevastopol. Aviation The export ban covering goods and technology for use in Russia’s aviation and the space industry (which includes the provision of (re)insurance) has been expanded to include aircraft engines and their parts (Art 3c). This prohibition applies to both manned and unmanned aircrafts, meaning that it is banned to export drone engines to Russia and to any third country that could supply drones to Russia. The competent authorities of EU Member States can grant exemptions to this prohibition in order to allow certain aviation goods, which are widely used in the medical field, falling under CN codes 8517 71 00, 8517 79 00 and 9026 00 00 (as listed in Part B of Annex XI) to be exported for medical, pharmaceutical and humanitarian purposes. There is also a wind down period for goods listed in Part C of Annex XI until 16 January 2023 for contracts concluded before 17 December 2022. Steel products The exemption wh