Leading classification society Lloyd’s Register (LR) is withdrawing its business services from Russian entities in response to the latest round of UK sanctions legislation.
The London-headquartered company said it would no longer provide professional services to “Russian owned, controlled or managed assets or companies”.
The move comes after a review of its Russian business in the light of the country’s unprovoked invasion of the Ukraine — and the increasing sanctions legislation that prevents UK companies doing business with Russia.
