Page 30 - Ocean Network News Today

US president vows to sap Russia's economic strength in first State of the Union address

US president vows to sap Russia's economic strength in first State of the Union address

LONDON/COPENHAGEN (Reuters) -The world's three biggest container lines on Tuesday temporarily suspended cargo shipments to and from Russia in response to Western sanctions on Moscow following its invasion of Ukraine, in a further blow to trade with the country. Russia's assault on its neighbour, which Moscow says is a "special operation", is the biggest state-to-state invasion in Europe since World War Two. Swiss-headquartered MSC, the world's biggest container shippin...

Suspended container shipping means fewer imports of finished goods and electronics.

Suspension covers all Russian ports but will not include foodstuffs, and medical and humanitarian supplies. . Read more at straitstimes.com.

The three biggest container shipping groups in the world announced Tuesday that they were suspending non-essential deliveries to Russia, adding to the countrys economic isolation following a raft of sanctions by the West. Danish shipping giant Maersk, Switzerland-based MSC and Frances CMA CGM all ..

Foodstuffs, medical and humanitarian supplies exempted.

Companies have taken action to limit,
put on hold or exit business activities in Russia following a
wave of sanctions imposed after Moscow's invasion of Ukraine.

A.P. Moller – Maersk is temporarily suspending new Maersk bookings within ocean, air and intercontinental rail to and from Russia, with the exception of foodstuffs, medical and humanitarian supplies (bar dual-use items). The suspension began 1 March and covers all Russian gateway ports. Maersk will announce further details as it...

South African fruit has big exposure to Russian risk