Maersk Suspends all Shipments to Russia After Ukraine Invasion

Maersk Suspends all Shipments to Russia After Ukraine Invasion

Popular shipping line Maersk, has announced it has indefinitely suspend all shipments to and from Russia, after the Russia-Ukraine crisis is still goin going.




In a press release, the world largest shipping line stated it was deeply concerned about how the conflict in Ukraine continues to develop. The statement reads;


“As the stability and safety of our operations is already being directly and indirectly impacted by sanctions, new Maersk bookings within ocean and inland, to and from Russia, will be temporarily suspended”


Reuters reported that exception to the suspension includes the transport of food, medicine, and humanitarian aid. Maersk operates shipping routes to St Petersburg, Kaliningrad, Novorossiysk, Vladivostok and Vostochny.



The suspension will encompass all the Russian ports mentioned above.



In a similar development, world’s largest cryptocurrency exchange, Binance, as said it won’t be freezing exchange and trading accounts owned by Russians on it platform



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