Maritime Mutual Club Circulars

Maritime Mutual Club circulars are provided for the benefit of our members and detail amendments to the club rules.

SANCTIONS UPDATE: TRADING IN YEMEN

Recently, the US has stepped up pressure on the activities of the Yemeni group, “Ansarallah” (also referred to as the “Houthi Group”, “Partisans of God”, and “Supporters of God”) through the introduction of various sanctions designations and new General Licences (GLs) under the US’ Yemeni sanctions regime.The most significant of these measures are summarised below.

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RECENT KEY SANCTIONS IMPOSED AGAINST RUSSIA BY THE EU AND THE UK

On 24th February 2025, the EU adopted the 16th package of sanctions against Russia on the third anniversary of the Russian invasion of Ukraine. This sanctions package targets key sectors of the Russian economy which include trade, transport, energy, infrastructure and financial services. It also includes additional measures targeting the “shadow fleet” and sanctions circumvention.

The most significant measures are summarised below.

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