IACS Votes to Expel Russian Maritime Register

The members of the International Association of Classification Societies (IACS) have voted to expel the Russian Maritime Register of Shipping from their ranks, citing the impact of allied sanctions.

Following Russia’s sudden invasion of Ukraine on February 24, NATO’s allied nations have imposed punishing sanctions on the Russian economy, cutting off most Russian banks from the international wire transfer system and imposing wide-ranging sanctions on Russian state-owned enterprises.

View entirety: Maritime Executive