Navigating the Complexities of Maritime Sanctions: A June 2024 Overview

June 2024 saw a major increase in international sanctions against Russia, Belarus, and their allies following the situation in Ukraine. The US Office of Foreign Assets Control (OFAC), the UK’s Office of Financial Sanctions Implementation (OFSI), and the European Union (EU) worked together to use economic pressure amid rising geopolitical tensions. The United Nations (UN) also showed its commitment to global stability with targeted sanctions in conflict areas, highlighting the serious nature of these measures.