Navigating shipping through volatile geopolitics

Companies were already struggling to navigate a quagmire of sanctions compliance before Russia's invasion of Ukraine. Now the restrictions can change daily and reach across the corporate spectrum like never before.

Even without formal sanctions on most of Russia’s commodities, traders are increasingly trying to avoid them, wary of legal risks.

Unravelling the opaque tangle of Russian-controlled entities is hard enough, but assessing the risk embedded in supply chains that extends beyond it is proving a costly process amid volatile markets and rapidly evolving financial borders.

With unprecedented sanctions come unprecedented compliance challenges – particularly for shipping where a cat and mouse game of evasion had already complicated detection and consequences after years of state-sponsored subterfuge.

Many shipping companies remain ill-equipped to conduct the required due diligence on business partners, counterparties and/or supply chains, leaving them vulnerable to unintended, but costly violations.

World-leading experts in sanctions risk analysis will join Lloyd's List Intelligence to explore the latest compliance risks facing shipping business.