Regulators Increase Maritime Sanctions Enforcement
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Maritime sanctions continue to rise, as geopolitical tensions have led to stricter enforcement. But with that, evasion tactics continue to evolve.
From a maritime perspective, sanctions compliance involves ensuring that shippers adhere to and comply with all international sanctions, which can take various forms, including trade embargoes, asset freezes, travel bans, and other economic measures.
Nevertheless, while regulators have increased their efforts, sanctioned Russian oil continues to find markets, mostly in China, India and Turkey.
Leaders from the EU and the UK increased pressure in May by approving a 17th package of anti-Russian sanctions affecting ships in Russia’s shadow fleet.
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