Cyprus, one of the world’s biggest ship-management hubs, has unveiled a scheme to facilitate wage payments to crews afflicted by the war in Ukraine.

“As more Russian banks are blocked from international transactions, crewing managers are increasingly unable to make payments,” Cyprus’ deputy shipping ministry said in a press release on Wednesday.

“Ukrainian seafarers and their families seeking safety in other states are also unable to access wage payments,” it added.

Crew members from these two nations account for 14.5%