Topic: Sanctions

Russian project cargo market forced into painful transformation

Due to the strict sanctions imposed on Russia and its growing isolation on the global stage, the market for project cargo transportation is currently undergoing a challenging transformation. Shippers are facing significant difficulties in managing...Read more

04-10-2023|1 comment|author: Adnan Bajic

11th EU sanction package mostly aims at targeting circumvention

The EU Commission adopted the 11th sanction package against Russia. In the latest package, the institution highlights the need to tackle sanctions circumvention attempts that involve third countries. The Commission will thus restrict the sale,...Read more

29-06-2023|Comment|author: Nikos Papatolios

Allseas CEO: “Stopping Nordstream 2 hurts our honour”

Oil&GasIn a rare interview, Allseas CEO Edward Heerema said stopping Nordstream 2 was first and foremost damaging to the company’s sense of honour. “It’s a disappointment, we really wanted to take credit for it”, he...Read more

01-01-2020|Comment|author: Adnan Bajic

Iran open for business again… sort of

IranA new initiative launched by the Foreign Ministers Jean-Yves Le Drian (France), Heiko Maas (Germany) and Jeremy Hunt (United Kingdom) allow European companies to do business with Iran again. Through a special purpose vehicle called INSTEX...Read more

04-02-2019|Comment|author: Adnan Bajic