The Sanction Points To Take Into Consideration Against Russia

The United States of America, the European Union and the United Kingdom decided to impose sanctions  against Russia as a result of Russia's recognition of the independence of the two separatist regions in  eastern Ukraine and the subsequent military operations against Ukraine.

In this context, how the merchants especially those operating in the transportation/shipping sector  should take action needs to be indicated regarding the sanctions which to be applied to Russia. First of all, the legal relations with the Russian entities must be examined as per the sanctions imposed  by the European Union, the United Kingdom and the United States of America. Moreover, it is necessary  to examine the sanctions, embargo and banned person lists regularly. It is important to examine sanction  lists which are revised almost every day to avoid breaching the sanctions, especially the sanction list of  the United States of America and the European Union.