Sanctions

Useful links to circulars and other publications concerning current sanctions. For more, see our Sanctions page under Governance and Compliance.

Gard Alerts and news articles

EU adopts 10th package of sanctions against Russia, 6 March 2023

EU adopts 9th package of Russia sanctions, 22 December 2022

Additional sanctions imposed by the EU on Russia, 11 October 2022

The carriage of Russian oil and petroleum products to third countries, 27 September 2022

Gard Alert: Maritime security in the Strait of Hormuz and Sea of Oman

Gard Alert: US sanctions on Iran fully back in force

Gard Alert: Reimposition of US secondary Iran sanctions

Gard Alert: Bahrain and Saudi Arabia port restrictions

Gard Alert: STS operations involving Iranian origin crude oil

Gard Circulars

3/2024: The Oil Price Cap – requirement to provide voyage attestations and alert from the Price Cap Coalition

18/2023: Russian sanctions update

Hull & machinery: G7 price-cap per-voyage attestation

12/2023: United States temporarily authorizes transactions involving oil, gas and gold in Venezuela

7/2023: US imposes sanctions on jet fuel transport to Burma

5/2023: Sanctions – The European Union’s 11th sanctions package

4/2023: Russian Oil Price Cap update: UK Reporting requirements and evasion alert

12/2022: The price cap on Russian oil and petroleum products - updated

8/2022: EU sanctions – updated FAQs published by the EU on the carriage of certain Russian cargoes including coal and fertilisers

6/2022: Sanctions - The European Union’s sixth sanctions package

3/2022: Reporting of vessel calls to Russia and transiting Russian territorial waters

12/2021: Sanctions – recent deceptive practices

17/2020: United States Sanctions on Venezuela

9/2020: Nord Stream 2 and TurkStream – Update on New US Sanctions

6/2020: US Global Maritime Advisory

5/2020: Vessel monitoring and P&I insurance

2/2020: Democratic People’s Republic of Korea – Sanctions enforcement

7/2019: United States Sanctions on the Government of Venezuela and Petroleos de Venezuela, S.A. (PdVSA)

6/2019: Guidance on the United States Sanctions Compliance Programmes Published by the Office of Foreign Assets Control

1/2019: Iran trading – fixed premium P&I cover update

17/2018: Democratic People’s Republic of Korea – Enforcement of UN, U.S. and EU Sanctions

14/2018: Iranian trade after 4th November 2018

9/2018: European Union Regulation 2271/96 (Blocking Regulation)

6/2018: Iran – re-imposition of US sanctions

2/2018: Iran trading – fixed premium P&I cover update

8/2016: Syria sanctions

4/2016: Iran trading – fixed premium P&I cover update

3/2016: Iran trading – increased limit of fall-back cover

2/2016: Iran trading- P&I cover update

1/2016: Iran trading - P&I cover

12/2015: Lifting of certain sanctions under the Joint Comprehensive Plan of Action (JCPOA)

6/2015: Iran Sanctions Circular - Agreement on Iran’s nuclear programme but no immediate sanction relief

10/2014: Iran Sanctions Circular – Extension of Sanctions Relief under the Joint Plan of Action

6/2014: European Union Sanctions in respect of Crimea and Sevastopol COUNCIL REGULATION (EU) No 825/2014 of 30 July 2014 concerning restrictions on the import into the Union of goods originating in Crimea or Sevastopol, in response to the illegal annexation of Crimea and Sevastopol (“the Regulation”)

5/2014: Iran Sanctions Circular on the Extension of Sanctions Relief under the Joint Plan of Action

4/2014: European Union Sanctions in respect of Crimea and Sevastopol - COUNCIL REGULATION (EU) No 692/2014 of 23 June 2014 concerning restrictions on the import into the Union of goods originating in Crimea or Sevastopol

24/2013: US/EU Iran sanctions - six month suspension of insurance prohibitions 20/01/14 – 20/07/14 - urgent update

20/2013: Iran Sanctions - Update

7/2012: Iran Sanctions - EU Council Regulation 267 2012 export of crude oil and petroleum products from Iran

1/2012: Sanctions update - EU Council Regulation 267/2012 implementing Council Decision 2012/35/CFSP

18/2011: Sanctions - update - Iran - EU Council Decision 2012/35/CFSP introducing new restrictive measures on purchase, import, transport of certain petroleum and petrochemical products and provision of certain services. EU Council Regulation 54/2012 extending asset freeze measuer and 56/2012 permitting certain transactions by Iran Central Bank and Bank Tejerat

15/2011: Amendments to the Rules for 2012

12/2011: Sanctions - update - Iran - US: Executive Order 13382 - Additions to SDN List; Executive Order 13590 - Targetting non-US entities concerned with the petroleum and petrochemical industries

24/2010: Sanctions provisions - Amendments to the Rules for Ships for 2011, Rules for Mobile Offshore Units for 2011 and the Terms and Conditions for Gard Additional Covers for 2011

7/2010: Iran sanctions - update - US - Entry into force HR2194 effective 1 July 2010

1/2010: Iran sanctions - Notice of Rule changes