This means that Russian vessels will not be able to bring in
shipments of imports, stop for fueling, anchor in the area, or even use sea
routes.
The government has sent notices to the relevant ministries,
agencies, ports, shipping services, and international organizations regarding
the new restrictions.
As a result of these new sanctions, Bangladesh will find it
difficult to conduct any trade with Russia.
Bangladesh’s
most expensive mega project, the Rooppur nuclear power plant, is being built
with the support of Russia. A significant portion of the equipment and
materials for that project is imported from Russia. Recently, a shipment from
Russia carrying materials for the project was barred from entering Bangladesh’s
maritime boundary amid diplomatic pressure from the US.
The
ship attempted to dock at India’s Haldia Port to deliver its shipment but was
turned away there too. It eventually returned to Russia with its cargo.
“At the request of the Ministry of Foreign Affairs, the 69
vessels from Russia which were embargoed by the United States have been banned
from entering ports in Bangladesh,” said Captain Sabbir Mahmood, registrar of
Bangladesh ships at the Mercantile Marine Office, citing the content of the
notice.
The ban covers a wide range of ships, including oil tankers
and cargo vessels, operated by seven companies. The restrictions mean that no
import or shipping agents can import goods from any country using these Russian
ships.
“The ban on ships bearing the Russian flag was jointly
imposed by the United States and the European Union,” said Azam J Chowdhury,
chairman of the Bangladesh Ocean Going Shipowners Association, or BOGSA. “If
any product comes to Bangladesh on these ships, then Bangladesh will also be
added to the ban. The bulk of our international trade is with the EU and the
US.”
The sanctions were imposed due to Russia’s ongoing invasion
of Ukraine.
“As such, we believe that in the overall assessment of the
interests of Bangladeshi businesses, the Russia situation will not
significantly impact the transportation of goods for global trade.”
Bangladesh has 197 ships that travel in the deep sea, accounting
for less than 10 percent of the country’s total trade in international goods.
If Bangladesh businesses stay abreast of the situation, the
ban should not have a significant impact on shipping or costs, the BOGSA chief
said.
However, some import agents who have had long working
relationships with these Russian vessels may be impacted, Azam noted.
Russia is not on the list of the top 20 countries that
Bangladesh trades with, according to data from Bangladesh Bank. Nearly 87 percent
of all imports come from those countries.
Bangladesh mainly imports wheat and petroleum products from
Russia and exports garments to the country.
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