Navigating the Black Sea Conflict: Sanctions and Shipping

This chapter analyzes the ongoing conflict between Russia and Ukraine, focusing on a recent ceasefire and its implications for shipping in the Black Sea. It highlights skepticism over Russia's commitments, the challenges faced by commercial shipping, and the innovative insurance solutions being developed for risky maritime conditions. The discussion also examines the complexities of sanctions related to the Russian Agriculture Bank and their effects on global food security and market dynamics.