FONDEYA

During the G7 and EU oil embargo and price-cap policy on russian oil, the tanker is involved in the export of russian oil to third countries from russian ports, including with the AIS system turned off.
The tanker is affiliated with another Indian company Gatik Ship Management, one of the leading operators of the so-called 'shadow' fleet involved in the transportation of russian crude oil under Western sanctions, and the related company Plutos Ship Management, which in 2023, along with Caishan Ship Management, Galena Ship Management, Gaurik Ship Management, Geras Ship Management, Girik Ship Management, Orion Ship Management, Nautilus Shipping, Ark Seakonnect Shipmanagment, Zidan Ship Management, was involved in a scheme to 'juggle' vessels operated by Gatik Ship Management to avoid sanctions.
Gatik Ship Management and Plutos Ship Management were the previous managers of the tanker.
Tankers operated/managed by India's Gatik Ship Management continue to be used by related companies and call at russian ports.
As sanctions are being imposed, russia uses a scheme of "juggling" ships between related companies to conceal oil exports outside the price cap and other restrictions, as well as to hide the real owners of ships, and to ensure unimpeded transportation of fossil fuels by a 'shadow' fleet of obsolete oil tankers, creates new companies for these purposes (in the UAE, Hong Kong, India, Turkey, Mauritius, Seychelles, and other jurisdictions) with non-transparent organizational and ownership structures. In order to implement this scheme, technical/commercial management and ship owners are constantly changing, and vessels are renamed with a change of flag, MMSI, call-sign, including for sanctioned vessels. Shadow fleet vessels operate under "convenient flags", which allows them to conceal their true origin and avoid control by international organizations and insurance companies.
The 'shadow fleet' of the russian federation continues to provide multibillion-dollar revenues for the kremlin bypassing sanctions, disguising its activities under the flags of third countries, using complex schemes to conceal owners, and poses significant threats to environmental safety with significant economic costs for coastal countries and/or the international community due to the outdated and inadequate insurance of shadow fleet tankers.
On February 24, 2025, the United Kingdom imposed sanctions on the vessel.
On May 20, 2025, the EU imposed sanctions, which enter into force on May 21, 2025, on the tanker for the transportation of crude oil/petroleum products originating in or exported from russia, using irregular high-risk shipping practices as specified in the International Maritime Organization General Assembly Resolution A.1192(33).
On June 03, 2025, the sanctions imposed by Switzerland on the vessel came into force.
In June 2025, Canada imposed sanctions on the vessel.
In June 2025, Australia imposed sanctions on the vessel.