US sanctions provisions are directly targeting ships involved in Russia’s energy export pipeline projects to Europe, the International Group of P&I Clubs has warned.
Vessels that breach sanctions through involvement in the Russia to Germany Nord Stream 2 and Russia to Turkey TurkStream development projects will lose protection and indemnity cover, the International Group said.
In a note issued through its 13 P&I club members, the group said: “All members are therefore strongly urged to assess and mitigate the risks of entering into contracts on the Nord Stream 2 or TurkStream construction projects and exercise the fullest possible due diligence to avoid exposure to sanctions or...
