We would like to report the latest updates in Ukraine and Russia. As to the former relative information, please refer to our Japan P&I News No.1180 dated 30 June 2022.

Ukraine:

Martial law still has been introduced in Ukraine and there is a curfew. All Ukrainian Ports are closed.  Heavy fighting between Ukraine and Russia is still going on in Eastern part of Ukraine. On 22 July 2022, an agreement was signed among Ukraine, Russia, Turkey and the UN to resume exports of grain from Ukrainian ports. However, on the next day, Russia missiles at the Odessa port and the implementation date of this agreement has not been fixed yet.

Russia:

The same as before, Russian ports continue their normal operations, but the Joint War Committee (JWC) added Russia’s waters to its list of areas deemed high risk in addition to Ukrainian and Russian waters in the Azov Sea and Black Sea.

Sanctions applied to some of Russian banks by the US, EU and UK. These countries are still restricting the sale, supply, transfer or export of military goods, dual-use goods, critical industry goods and technology to Russia. Sanctions to Russian officers and individuals who have strong effects on supporting the aggression are still continuing. All EU ports are closed for Russian-flagged vessels.

The US has banned the import of Russian oil. Both the EU and the UK will prohibit the import of Russian oil in the end of 2022. The EU will ban the insurance and reinsurance of maritime transport of crude oil and petroleum products from Russia to third countries. Regarding the sanction to Russia by EU, please refer to the circular No. 22-007 dated 4 July 2022.

Please note that the change of local situation is so unforeseeable, that the above is to be updated accordingly. It is highly recommended for members to check the latest information at the time of vessel’s calling through local agents in Ukraine.