The world’s largest ship manager V.Group says it is in compliance with all current sanctions as pressure mounts on businesses to cease operations in Russia over the conflict in Ukraine.
Netherlands-based shipbuilder Damen has announced it decided to stop deliveries of new vessels to clients in Russia due to the ongoing invasion of Ukraine.
European dependence on Russian oil and gas, and war-related sanctions that are becoming stricter by the day, are set to tighten energy supplies in many countries.