Sevastopol Port is on the verge of bankruptcy. Under the terms of this ban, any captain who docks his ship there would face massive fines and even imprisonment under international law. The facility, which is located in Russian-occupied Crimea, has been closed to international shipping since the Ukrainian government invoked international law following its capture. In a statement released by Ukraine's Ministry of Transport, it said that "due to lack of funds and other factors, the port will be shut down for at least two years. " Russia's attempts to revive activity at Sevastopol have proved unsuccessful, with various parts of the country's government now scrambling to extract what income they can from the port's remaining assets before its final closure.
Sevastopol Port is on the verge of bankruptcy. The facility, which is located in Russian-occupied Crimea, has been closed to international shipping since the Ukrainian government invoked international law following its capture. In a statement released by Ukraine's Ministry of Transport, it said that "due to lack of funds and other factors, the port will be shut down for at least two years." Russia's attempts to revive activity at Sevastopol have proved unsuccessful, with various parts of the country's government now scrambling to extract what income they can from the port's remaining assets before its final closure.