The Council adopted its 21st package of restrictive measures against Russia on 23 July 2026. The instruments entered into force on 24 July 2026 (the day following publication in the Official Journal). The principal instruments are Regulation (EU) 2026/1848; Regulation (EU) 2026/1844; and Implementing Regulation (EU) 2026/1843 (amending and implementing Regulation (EU) No 269/2014).
Continue Reading EU’s 21st Sanctions Package: Banks, Barrels, and a Bigger BlacklistOFAC General Licence — Iranian-origin petroleum products
On 21 June 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued General License X (“GL X”), authorising certain transactions relating to the production, sale, delivery and offloading of Iranian-origin crude oil, petrochemical products and petroleum products. This represents a remarkable — if temporary — departure from the comprehensive United
EU’s 20th Sanctions Package on Russia
On 23 April 2026, the EU adopted its 20th package of sanctions against Russia. These measures are contained in (i) Council Regulation (EU) 2026/506 (see here), (ii) Council Implementing Regulation (EU) 2026/509 (see here), and (iii) Council Regulation (EU) 2026/511 (see here), as published in the Official Journal of the EU.
How sanctions transformed the shipping industry in 2025
Key takeaways:
- EU and UK sanctions now increasingly target the full maritime logistics chain, including third country actors
- Shadow-fleet measures have intensified scrutiny on vessels and operators
- Compliance has become central to commercial decision-making
China introduces Special Port Service Fee on U.S.‑linked vessels
China’s Ministry of Transport will impose a new “Special Port Service Fee” on U.S. linked vessels from 14 October 2025, aligning with U.S. Section 301 measures taking effect the same day. In its announcement, the Chinese Ministry of Transport criticises the U.S. actions announced in April this year and warns of significant disruption to maritime
Refusing voyage orders: Sanctions risk assessments must be based on evidence, not speculation
Tonzip Maritime Ltd v. 2Rivers Pte Ltd (formerly Coral Energy Pte Ltd) [2025] EWHC 2036 (Comm)
A. Key facts
On 5 November 2021, Tonzip Maritime Ltd (Owners), owner of the vessel CATALAN SEA (the Vessel), entered into a voyage charterparty with 2Rivers Pte Ltd (formerly Coral Energy Pte Ltd) (2Rivers) for the carriage of oil from Primorsk, Russia, to Aliaga, Turkey (the Charterparty).
Continue Reading Refusing voyage orders: Sanctions risk assessments must be based on evidence, not speculationEU-nough Russian Oil – EU’s 18th Sanctions Package
On 18 July 2025, the EU announced the 18th sanctions package against Russia and Belarus. The legislative texts were published on 19 July 2025. As of this date, the latest restrictions indicate a misalignment between the EU / UK, and other G7 members, including the United States.
Continue Reading EU-nough Russian Oil – EU’s 18th Sanctions PackageU.S. section 301 strikes back: Additional U.S. port service fees on vessels with China nexus; potential far-reaching implications for leaseback arrangements
U.S. concerns surrounding the proliferation of the Chinese shipbuilding industry pre-date the current tariff wars. Under the previous Biden administration, on March 12, 2024, various U.S. labor unions filed a petition requesting an investigation into the acts, policies, and practices of China targeting the maritime, logistics, and shipbuilding sectors for dominance.
Following a year-long investigation, including input from industry and a public consultation, the United States Trade Representative (“USTR”) determined that China’s targeting of the maritime, logistics, and shipbuilding sectors for dominance is unreasonable and burdens or restricts U.S. commerce and is therefore actionable under Sections 301(b) and 304(a) of the Trade Act.
Continue Reading U.S. section 301 strikes back: Additional U.S. port service fees on vessels with China nexus; potential far-reaching implications for leaseback arrangementsUSTR imposes fees and restrictions on certain maritime transport services
On April 17, 2025, the U.S. Trade Representative (USTR) announced a series of fees and restrictions intended to address China’s targeting of the maritime, logistics, and shipbuilding sectors for dominance. The announcement follows the USTR’s year-long investigation into China’s acts, policies, and practices under Section 301 of the Trade Act of 1974.
Maritime transport services
What impact will President Trump’s reciprocal tariffs have on the United Kingdom?
Background to the Reciprocal Plan on Trade
On February 13, the U.S. administration introduced its Fair and Reciprocal Plan on Trade, outlining its approach to reciprocal tariffs. The policy aims to address what the administration perceives as an unfair trade imbalance, where the U.S. maintains relatively low import tariffs while other countries impose higher