It did not specify the volume of goods affected by the ban but a spokesperson told Reuters the cost does not lie with Maersk.

Last week TradeWinds had reported that trading vessels could find themselves in the middle of a dispute between sellers and buyers because of the Russian embargo imposed on 7 August.

Maersk said in its newsletter: “Our customers were completely unprepared for these sanctions and since they had effect immediately, a significant amount of cargo at sea needs to be returned.”

In