The EU has banned transactions with several Russian seaports as part of its latest 16th sanctions package. Konstantin Krasnokutskiy, managing partner at NAVICUS.LAW and President of the Russian Maritime Law Association (RUMLA), notes in his commentary to BFM.ru that these restrictions affect not only European businesses but also shipowners from third countries, which have to make a tough choice about where they will be sailing, ultimately affecting the trade turnover of Russian ports.
Read the full commentary: BFM.ru.
