Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 13

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 13
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 conflict

could result

in the

imposition of

further economic

sanctions or

new categories

of export

restrictions

against

persons

in

or

connected

to

Russia.

While

in

general

much

uncertainty

remains

regarding the

global impact

of the

conflict in Ukraine,

it is possible

that such

tensions could

adversely affect

the Company’s business, financial condition, results of operation and cash flows.

15

The United States

has issued several

Executive Orders

that prohibit certain

transactions related to

Russia,

including

the

importation

of

certain

energy

products

of

Russian

Federation

origin

(including

crude

oil,

petroleum, petroleum fuels,

oils, liquefied natural

gas and coal), and

all new investments

in Russia by

U. S.

persons,

among

other

prohibitions

and

export

controls,

and

has

issued

numerous

determinations

authorizing the

imposition of

sanctions on

persons who

operate or

have operated

in the

energy,

metals

and mining, and marine sectors of

the Russian Federation economy, among others. Increased restrictions

on

these

sectors,

or

the

expansion

of

sanctions

to

new

sectors,

may

pose

additional

risks

that

could

adversely affect our business and operations.

Our business could be adversely impacted by trade tariffs,

trade embargoes or other economic sanctions

that limit trading

activities between the United

States or other countries

and countries in the

Middle East,

Asia or elsewhere as

a result of

terrorist attacks, hostilities

or diplomatic or

political pressures, including

as

a result of

the ongoing tensions

involving Russia, Iran,

and China and

the current conflicts

between Russia

and Ukraine and in the Middle East.

An increase in

trade protectionism,

the unravelling of

multilateral trade

agreements and

a decrease

in the level

of China’s export

of goods and

import of raw

materials could have a

material adverse

impact

on

our

charterers’

business

and,

in

turn,

could

cause

a

material

adverse

impact

on

our

results of operations, financial condition and cash flows