International shipping industry seeks sanctions-proof contracts and crackdown on Russian crude smuggling.
TL;DR Summary
Shipping groups are urging their Chinese counterparts to include clauses in contracts that would protect them from sanctions, as the US and other countries increasingly use economic measures to punish countries like Iran and North Korea. The move comes as the US has blacklisted several Chinese shipping companies for allegedly violating sanctions against North Korea.
- Shipping groups press Chinese counterparts for sanctions-proof contracts Financial Times
- EU wants to put the squeeze on Russian crude smugglers POLITICO Europe
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