How successful was Russia in fighting off the “private embargo” imposed by Maersk, MSC, and CMA CGM?

The Politicus
Apr 01, 2022 07:18 AM 0 Answers
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A month ago news was that 3 large global [naval] shipping companies were suspending routes to Russia for all but essentials.

While Russia has been fighting back some of the sanctions with fairly publicized countermeasures (like demanding payments for its exports in rubles and imposing various forms of capital controls like preventing Western asset holders from selling their Russian shares, or their own citizens from buying foreign currencies etc.), I haven't heard a lot of what the may have been doing to fight off this "private embargo" by the 3 shipping giants.

Basically, has Russia managed to either make these companies relax their restrictions, or did Russian companies manage to book significant alternative shipping with others, e.g. with Chinese companies like COSCO? I'm mostly interested in objective data on this matter.

(N.B. I'm aware that they recently announced they'd allow "parallel imports" (i.e. grey market products) into Russia, but that alone won't solve shipping issues much as they still need to get these grey market products shipped from those other countries to Russia.)

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  • April 1, 2022