Economic Sanctions in the Shipping Industry: 2022 Highlights
Shipping companies should remain focused on sanctions compliance for 2023. The sanctions space has been bursting with activity as a result of the Russia-Ukraine war, which shows no signs of abating. Companies continue to seek advice with respect to international sanctions with respect to all aspects of Russian sanctions and other countries such as Iran, China and Venezuela. In 2022, the US continued to aggressively adopt, implement, and enforce US sanctions, including in the shipping and transportation sector. Because the U.S. Department of the Treasury’s Office of Foreign Assets Control ...
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