World's Biggest Shipping Company Suspends Container Shipments To And From Russia

Maersk will pause Russian Shipments in the wake of the Country's Invasion and Western Sanctions. The Suspension will apply to All Goods except Food, Medical Supplies, and Humanitarian Equipment. The Shipping Giant said it was already starting to see Operational Delays in the Global Supply Chain.

"With the fluid circumstances of regular updates and adjustments to the sanctions list we see clear need to take some time to establish new and revise existing processes of accepting and handling bookings," Maersk said in a Statement.

The Shipping company added that "the stability and safety of our operations is already being directly and indirectly impacted by sanctions," which Governments around the World have Implemented since the Russian Military's full-scale movement into Ukraine, Thursday morning.

The move by the Shipping Leader will further hamper Russia's Ability to Send and Receive goods, which has already been Restricted by Western Sanctions.

The U.S. has also Frozen $630 billion in Foreign Assets held by the Russian Central Bank.

On Monday, the UK asked Port Operators to prevent All Ships with ties to Russia from Docking.

On Saturday, French Authorities also Intercepted a Russian Cargo Ship in the English Channel, after it was suspected to have Ties to a Russian Company targeted by Sanctions.

Mersk said on Tuesday, that it had already begun to see the ripple effects of Sanctions on the Global Supply Chain.

"We start seeing the effect on global supply chain flows such as delays, detention of cargo by customs authorities across various transshipment hubs, unpredictable operational impacts," it said.

The Shipping Giant, said on Monday, that it was considering a "possible suspension of Maersk bookings to and from Russia."

Maersk's Decision to move forward with the Shipments Pause, is the latest from Global companies, which will Stunt Russia's Ability to participate in Global Trade.

Shipping Company, Ocean Network Express (ONE), also said on Monday, that it Suspended Shipping to and from Russia.










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