TRUST

During the period of the G7+ oil embargo and the russian oil price ceiling, the tanker is involved in the export of russian oil from russian facilities, in particular, in the Baltic Sea to third countries.
The vessel, through its related companies, including Fornax Ship Management, the sanctioned companies Oil Tankers SCF MGMT FZCO, Sun Ship Management, SCF Management Services Cyprus, is affiliated with the sanctioned PJSC Sovcomflot, the largest state-owned shipping company in russia, a key company for servicing and supporting offshore hydrocarbon production, transportation of russian oil, petroleum products, liquefied natural gas amidst the application of sanctions restrictions to the russian federation after its full-scale invasion of Ukraine. The services provided by Sovcomflot are a significant source of income for russia, as more than 70% of russia's revenues come from the sale of energy, which allows it to finance its war against Ukraine. The main charterers of Sovcomflot vessels are the largest oil and gas companies and traders in russia. Sovcomflot is involved in servicing major oil and gas projects in russia: 'Sakhalin-1', 'Sakhalin-2', 'Varandey', 'Prirazlomnoye', 'Novy Port', 'Yamal LNG' and others. Prior to russia's full-scale invasion of Ukraine, the company's fleet consisted of about 145 vessels. After the sanctions were imposed, Sovcomflot transferred dozens of vessels to the ownership of companies it had set up, including in foreign jurisdictions, in order to circumvent them, and began the practice of constantly 'juggling' (transferring) vessels to related companies. According to expert estimates, the tankers 'transferred' by Sovcomflot to related companies are part of the so-called 'shadow tanker fleet' of the russian federation to continue selling russian oil, oil products, and liquefied gas under western sanctions.
On December 16, 2024, the EU imposed sanctions on the vessel (effective December 17, 2024).
On December 23, 2024, Switzerland imposed sanctions on the vessel.

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Balboa (Panama), Nakhodka (russia), Ras Sudr (Egypt), Taicang (PRC), Port Said (Egypt), Marport West (Soyak) Terminal (Turkey), Ust-Luga (russia), Suez (Egypt), Sadat (Egypt), Jeddah (Saudi Arabia), Adabiya (Egypt), Jamnagar Terminal (India), Cristobal (Panama), Icdas (Turkey), Akcansa (Turkey)