As many as 100 ships could be caught up in sanctions issues following last year’s blacklisting of Russian financier GTLK.
But the good news for owners who once did business with the Moscow outfit and its arms based abroad is that their ships can be dislodged from the financing arrangements potentially holding up those vessels from trading.
“There is a cut through now,” Wikborg Rein senior lawyer Fiona Rafla told TradeWinds.
