Join Import & Export Telegram Group📈
💰Join Import & Export Facebook Group
The UK government has issued guidance to support businesses in complying with Russia sanctions regulations regarding the sale and brokering of oil tankers to third countries. The guidance aims to prevent sanctions evasion by identifying key risk indicators and providing tools for due diligence.
It highlights the need for heightened scrutiny of transactions involving old vessels, unusual payment methods, and complex corporate structures. The guidance also emphasizes the importance of verifying the ultimate beneficial owner of the buyer and ensuring that the transaction is not part of a scheme to circumvent sanctions imposed on Russia, particularly on oil. This move is part of the UK's efforts to deny Russia access to the goods and services necessary to pursue its illegal war in Ukraine[1][2][3][4][5].
Citations:
[1] https://www.gov.uk/government/publications/notice-to-exporters-202411-russia-sanctions-sales-of-oil-tankers-to-third-countries/nte-202411-russia-sanctions-sales-of-oil-tankers-to-third-countries
[2] https://www.gov.uk/government/publications/russia-sanctions-sales-of-oil-tankers-to-third-countries/russia-sanctions-sales-of-oil-tankers-to-third-countries
[3] https://globalsanctions.co.uk/2024/05/uk-publishes-russia-sanctions-guidance-re-sales-of-oil-tankers-to-third-countries/
[4] https://www.steptoeinternationalcomplianceblog.com/2024/05/uk-issues-guidance-on-oil-tanker-sales-to-third-countries-under-the-russia-sanctions-regime/
[5] https://uk.news.yahoo.com/ec-proposes-ban-oil-tanker-122000502.html
💰Join Import & Export Facebook Group
Join Import & Export Telegram Group📈
Related Posts
None found