In a further blow to Russia’s shadow fleet, EU now requires all vessels to be insured

EU Strengthens Measures Against Russia’s Shadow Fleet by Requiring Vessels to Have Insurance

The European Union (EU) is stepping up its efforts to combat Russia’s shadow fleet by implementing new regulations. All vessels passing through EU waters, even without entering an EU port, must now show proof of insurance. This move aims to improve maritime safety and protect the environment along the EU’s coastlines. The amendment to the Vessel Monitoring Directive introduces a new Delegated Directive to enhance ship reporting systems.

By mandating insurance for all vessels in their vicinity, the EU can better monitor maritime activities and address risks posed by uninsured or unsafe ships. This measure aligns with international standards and demonstrates the EU’s commitment to safer and environmentally responsible maritime operations. The European Commission and Member States have proposed minor amendments to existing ship reporting systems to strengthen oversight and support safety goals.

The EU’s focus on the Russian shadow fleet intensified following recent sanctions packages targeting vessels involved in evading international sanctions. The EU has imposed restrictions on companies supporting Russia’s military-industrial complex and engaging in sanctions circumvention. These measures aim to crack down on the shadow fleet and mitigate geopolitical tensions.