Innovation of the year: Windward
Energy Risk Awards 2023: Maritime data firm creates sophisticated Russia sanctions product to help clients with compliance
International sanctions slapped on trade with Russia escalated rapidly after the February 2022 invasion of Ukraine and there is now a bewildering complexity of rules that buyers, sellers and shippers of cargoes need to understand and comply with. They impact countries and companies differently with different rules for different locations, destinations and cargoes. Meanwhile, deceptive shipping practices to evade the sanctions have become more sophisticated.
The growing problem of ‘Russia risk’
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Commodity markets have experienced significant challenges since the Covid-19 pandemic, the conflict in Ukraine and the subsequent sanctions imposed on Russia. These unprecedented events have caused fluctuations in supply and demand, disrupted global…
