Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 24

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 24
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 sanctions

and embargo laws

and regulations vary

in their application,

and by jurisdiction,

and do

not all

apply to

the same

covered persons

or proscribe

the same

activities. In

addition, the

sanctions

and

embargo

laws

and

regulations

of

each

jurisdiction

may

be

amended

to

increase

or

reduce

the

restrictions they impose over

time, and the lists

of persons and entities

designated under these laws and

regulations

are

amended

frequently.

Moreover,

most

sanctions

regimes

provide

that

entities

owned

or

controlled by the persons or entities designated in such

lists are also subject to sanctions. The U. S.,

U. K.

and EU have

enacted new sanctions programs

in recent years. Additional countries

or territories, as well

as additional

persons or

entities within

or affiliated with

those countries

or territories,

have, and

in the

future

will,

become

the

target

of

sanctions.

These

require

us

to

be

diligent

in

ensuring

our

compliance

with

sanctions

laws.

Further,

the

U. S.

has

increased

its

focus

on

sanctions enforcement

with

respect to

the

shipping sector. Current or

future counterparties of ours may be affiliated

with persons or entities that are

or may

be in

the future

the subject

of sanctions

or embargoes

imposed by

the United

States, U. K.,

EU,

and/or other

international bodies. If

we determine

that such

sanctions require

us to

terminate existing

or

future

contracts to

which we,

or

our

subsidiaries, are

party or

if

we

are

found to

be

in

violation of

such

applicable sanctions,

our results

of operations

may be

adversely affected,

or we

may suffer

reputational

harm.

20

As a result

of Russia’s actions

in Ukraine, the

U. S., EU and

United Kingdom,

together with numerous

other

countries, have imposed

significant sanctions on

persons and entities

associated with Russia

and Belarus,

as

well

as

com