Coinciding with the one-year anniversary of Russia’s invasion of Ukraine, the Australian Government announced further sanctions against Russia. There are now over 100 sanctioned persons and entities on the Australian list and a raft of other sanctions in place around the world.

Organisations doing business across jurisdictions need to undertake careful due diligence with their transactions to avoid a sanctions breach. Similarly, marine cargo insurers are increasingly looking to proactively manage their exposures to sanctions breaches.

In this article, Naraya Lamart and Aisha Lala look at the Australian sanctions regime and the associated issues for marine cargo insurers.

You can download the full article below.