Ukraine Issues

Unfortunately and sadly, armed conflict has broken out in Ukraine. The situation is very fluid and fast moving but it will inevitably have a significant impact on shipping and trade, giving rise to contractual issues under charterparties and other commercial agreements.

We will publish updates and general guidance to assist our Members in relation to the developing situation and the issues arising.  However, it is recommended that Members contact the Club for specific advice should issues arise under their particular contracts.

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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.

Since the outbreak of war in Ukraine, the US has imposed further sanctions on Russian banks, financial institutions, entities and individuals. 

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.


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