On 24th February 2022, the European Union put into place a wide range of measures in response to the conflict Ukraine. These measures can be found in Regulation 2022/328.
Ideally, contracts and the transactions they govern would proceed smoothly – cargo would be available at the loading port when intended, ships would arrive on time to collect it and it would then be transported to and off-loaded at the intended discharge port.
In real life however, many things can go wrong.
The Law of Ukraine on Sanctions No. 1644-VII has been in force in Ukraine since 2014 and provides for a non-exhaustive list of 24 possible sanction types.