DENMARK Trends and Developments Contributed by: Anders Amstrup Fournais and Sarah Bisgaard Møller, Hafnia Law Firm LLP
casualty, it will be impossible to make these insurers pay, yet as a coastal state Denmark continues to toler - ate this situation. The question is why? The answer is obviously political. The EU has made it very clear that standing with Ukraine is only one of many interests; there are multiple competing interests that cannot be fully aligned, so compromise must be reached. Taking sanctions action that hampers the financing of the Russian war machine will always have side- effects. There has been no political appetite to enact full-scale embargoes against Russian liquefied natural gas and oil products, because such measures would cause prices to skyrocket and lead to shortages in oil markets, affecting every household and business across the EU. Still, Danish authorities should step up and vigorously enforce sanctions, and safeguard its marine environ - ment, by not allowing tankers laden with Russian oil to steam through Danish waters if such vessels are insured by a Russian provider.
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