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Solidarity with Ukraine ports as sanctions isolate Russia

Solidarity with Ukraine ports as sanctions isolate Russia

(Posted on 06/03/22)

The European Sea Ports Organisation (ESPO) has expressed its solidarity with the Ukrainian Sea Port Authority (USPA), which unites all Ukrainian ports under one administration. The Ukrainian Sea Port Authority joined ESPO as observer member in 2018. In a statement, ESPO said that it “is deeply concerned about the well-being of USPA’s employees and the whole Ukrainian port community. The thoughts of Europe’s ports are with them and their families, hoping for their safety.”

Based in Brussels, the European Sea Ports Organisation ensures that seaports have a clear voice in the European Union. ESPO represents the common interests and promotes the common views and values of its members to the European institutions and its policy makers

The conflict in Ukraine has prompted the European Union and other bodies to impose a number of sanctions on Russia. The extensive import of energy (coal, crude oil, oil products, LNG,) is not yet affected by sanctions, but the export and transhipment of several other cargoes suffers from the uncertainty caused by the conflict and the sanctions.

It is currently unknown what the developments in Ukraine will mean for these flows in the coming period.

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