Cyprus SDM clarifies reporting obligations for sea transport of Russian oil to third countries

The Cyprus Shipping Deputy Ministry (SDM) has issued Circular No. 11/2023 that outlines the reporting obligations for the transport of Russian crude oil and petroleum products to third countries by sea.  Andreas Christofides, Senior Associate at Elias Neocleous & Co. LLC, together with Costas Stamatiou, Partner, and Vassilis Psyrras, Senior Associate, have recently co-authored an article describing the specifics of this circular, which includes the products for which reporting obligations exist, previous and new regime, when an obligation to submit a declaration arises, and other general information.

To view the online version of the article, please click here.

For more information, please contact Andreas Christofides or any other member of the Admiralty and Shipping team.