Shipment of Iron Products from Russia - Important notice to Members
Members are reminded that the Club provides insurance services for Members who transport non-sanctioned cargoes to or from Russia subject to the US, EU and UK Regulations and by way of a general licence under the UK Regulations.
While the transport of certain iron products from Russia to the EU is permitted by way of fixed quotas, the same does not apply to the UK Regulations.
In particular, the following products are listed as restricted under the UK Regulations;
7201 | Pig iron and spiegeleisen in pigs, blocks or other primary forms |
7202 | Ferro-alloys |
7203 | Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99.94%, in lumps, pellets or similar forms |
7204 | Ferrous waste and scrap; remelting scrap ingots of iron and steel |
7205 Granules and powders, of pig iron, spiegeleisen, iron or steel
The full list of products can be found here.
The cargoes listed in the above link are subject to restrictions which effectively prohibit UK persons from directly or indirectly supplying or delivering such goods from a place in Russia to a non-UK country - which would include the EU. Associated financial assistance – which would include the provision of Club cover - is likewise prohibited.
Since the Club falls within the scope of UK sanctions regulations it is therefore unable to provide cover for Members carrying any products listed found via the above link - from Russia to anywhere in the world.
Members with any questions on this or any other sanctions matters are asked to contact the Managers.
Russia Sanctions
Read our dedicated "Russia Sanctions" page for more articles and further information.
View here