EU Sanctions – clarification published on the carriage of certain Russian cargoes including coal and fertilisers (5.610)

London P&I explains updated European Union sanctions guidance on the carriage of certain Russian cargoes, including coal, other solid fossil fuels and some fertilisers. The clarification affects carriage to any destination and has immediate implications for insurance and reinsurance where EU jurisdiction applies.

The circular also outlines the relevant provisions in Regulation 833/2014, the wind-down periods that previously applied, and the effect on members involved in these trades.