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Russia’s announcement that it will close access to the Kerch Strait which connect the Black Sea and the Sea of Azov has triggered a reaction within the London insurance market.
BIMCO has received a further update on developments in Ukraine which are provided below together with a renewed call to respond to the survey.
The Maritime Anti-Corruption Network (MACN) has recently launched a survey concerning corrupt practices in Ukraine. Such practices may take many forms e.g. demands for facilitation payments (low level payments paid to low level government officials to complete routine tasks the company is entitled to), cash payments or in kind requests made by various port authorities.
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