Sanctions. A Guide to Owners and Charterers/Санкции. Руководство для владельцев и фрахтователей

Издание на английском языке
Sanctions are an ever more popular tool used by the United Nations, the United States, the European Union, the United Kingdom and individual states as a visible sign of disapproval and as a means of achieving foreign and economic policy goals.
It is not just the number of different sanctions programs that creates challenges. The pace of change, with amendments to sanctions programs on an almost daily basis, means that knowledge needs to be constantly refreshed. Of the 30 active sanctions programs listed by the U.S., 22 were updated in 2018. Whilst President Trump was in power there were material changes to some of the most high profile sanctions programs including Russia, Venezuela, North Korea and, of course, Iran. Aside from Sudan, the general trend has also been to make the sanctions more rigorous. It remain to be seen how the US sanctions landscape will change under President Biden.
Sanctions, and the enforcement of sanctions, are also increasingly focussed on the maritime and insurance industries.
This focus on the maritime and insurance industries means that sanctions will inevitably affect your day-to-day business. The consequences of non-compliance can be severe. It is essential that you understand the risks and put in place measures to reduce and manage those risks.