Sanctioned Russian Tankers Will Offload Oil in Syria
Two tankers hit by U.S. sanctions are due to offload Russian Arctic Oil in Syria for the first time, days after Moscow made its first known delivery of diesel there in more than a decade, according to LSEG data, a government source and local TV.One of the tankers, Aquatica, with some 100,000 tons of Russian oil onboard, is set to offload in Baniyas port soon, according to a government source and pro-government Syria TV.The vessel arrived on Thursday, but has yet to offload, according to the TV report and the government source.The second tanker…
Russia Ships Diesel to Syria on Sanctioned Vessel
Russia shipped a diesel cargo to Syria onboard a tanker under U.S. sanctions, the first known such direct supply to the Middle Eastern country in more than a decade, LSEG data showed.The final destination of the cargo is unclear. Russia has two main military installations in Syria: an air base in Hmeimim and a naval base in Tartous, integral to Russia's military reach in the Middle East and Africa.Russia's control over the bases is under threat following the sudden fall of Bashar al-Assad last year.
US Sanctions Advisory Raises Hurdles for Global Maritime Industry
Ship owners and insurers say it may be impossible for the maritime industry to fully comply with the Trump administration’s new guidelines on how to avoid sanctions penalties related to Iran, North Korea and Syria, raising the risk of disruptions in a sector already struggling with the fallout of the coronavirus outbreak.The advisory issued this month marked the first U.S. sanctions guidance for the global maritime sector, and will test Washington’s ability to clamp down on violations without disrupting an industry that handles 90% of the world’s trade.The final version of the U.S.
US Maritime Sanctions Advisory: Navigating Choppy Waters
In May 2020, the US Department of State, US Department of the Treasury’s Office of Foreign Assets Control (OFAC), and US Coast Guard issued a joint Sanctions Advisory for the Maritime Industry. The advisory builds on and expands several prior sanctions advisories for the maritime community issued in 2018-19.The advisory is intended as a guidepost to help participants in the maritime sector achieve the desired level of compliance. Most of the guidance is couched in the language of suggestion (e.g., parties “may wish to consider…”), rather than as a mandate.
