On 24th February 2025, the European Union (“EU”) introduced its 16th package of restrictive measures and sanctions against Russia (the “16th Package”) through Council Regulation 2025/395 amending Regulation (EU) No. 833/2014 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine (“Regulation 2025/395”). The 16th Package forms part of the EU’s ongoing commitment to supporting Ukraine and aims to further weaken the Russian economy, close loopholes in previous sanctions and curb circumvention tactics. This latest round of measures has profound implications for the international maritime industry, particularly in terms of vessel sanctions, port restrictions and compliance burdens.
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