MaerskOne of the largest container shipping companies in the world,., stated Monday that Russia may be unable to deliver its containers due to sanctions against it following the invasion of Ukraine.

Danish Shipping Giant saidAs President Vladimir Putin’s invasion of Ukraine began its fifth day, it said that they were “closely monitoring” and “preparing to comply the ever-evolving limitations and sanctions” against Russia.

Marsek released a statement saying that they are considering suspending Maersk bookings from Russia to and From Russia, both on the ocean and in the inland.

“We also keep an eye out for developments and evaluate the best options available to our customers, their cargo and employees.”

All countries, including the United States, Canada, Europe, and Britain, have a history of cooperation. announced sanctions targeting MoscowRussia invaded Ukraine last week. These measures included blocking access for certain banks to SWIFT and freezing assets at Russia’s central bank.

Maersk declared Monday it will do everything possible to ensure that cargo currently on the water gets to its intended destination.

According to the company, “It is worth noting that airspace will also be gradually restricted” and that our air services would be affected.

Maersk’s shares were down by 3% after the news. The company had lost more than 11% in the year to date.

Since 1992, the shipping company has been operating in Russia. It operates routes between key Russian ports, including St. Petersburg and Vladivostok.

Last week, the company announced that it would no longer accept bookings from Ukraine.