Among the companies to which sanctions have been applied:
OIL TANKERS SCF MGMT FZCO
OIL TANKERS SCF MGMT FZCO
Provide additional information
Full name of legal entity
OIL TANKERS SCF MGMT FZCO

Abbreviated name of the legal entity
OIL TANKERS SCF MGMT FZCO

Tax Number

Registration number
MDTSLL61V995

Country
United Arab Emirates

Address
27610 - 001, Dubai, IFZA Business Park, Dubai Silicon Oasis, Building A1

Reasons
The company manages tankers beneficially owned by the russian government through its sanctioned company PJSC Sovcomflot (the largest russian shipping company, one of the world's leading maritime energy transporters, which is involved in servicing major industrial projects in russia: ‘Sakhalin 1, Sakhalin 2, Varandey, Novy Port, Yamal LNG, Arctic LNG 2, Tangguh (Indonesia), etc.) ‘Amid growing pressure from sanctions and other restrictions, Sovcomflot has engaged the company and transferred dozens of its vessels to the management of the company to continue operating on the previous routes. The services provided by the company provide a significant source of revenue for the russian government, thus allowing the kremlin to finance its war against Ukraine.
The company assists the russian government in maintaining a ‘healthy’ russian economy, conducting not only commercial activities in budget-forming sectors of the economy but also the war in Ukraine and projecting aggression against the civilized world.


Sanction Jurisdictions
USA
Sanction Jurisdictions: USA
Canada
Sanction Jurisdictions: Canada
Switzerland
Sanction Jurisdictions: Switzerland
EU
Sanction Jurisdictions: EU
UK
Sanction Jurisdictions: UK
Australia
Sanction Jurisdictions: Australia
New Zealand
Sanction Jurisdictions: New Zealand
Japan
Sanction Jurisdictions: Japan
Ukraine
Sanction Jurisdictions: Ukraine
Date of entry and reference to the document Date of entry and reference to the document
The country has not yet applied sanctions The country has not yet applied sanctions
Marine vessels
LIBERTY
Vessel name
LIBERTY
IMO
9339325
Flag (Current)
Barbados Barbados
Vessel Type
Crude Oil Tanker
Category
Transportation of fossil fuels
icon arrow-tree Transporting russian crude oil/oil products in violation of other restrictions
It is involved in the transportation of russian crude oil during the period of the G7 and EU oil embargo on russian oil. The vessel transported russian oil from russian ports to third countries. Among the vessel's former owners and managers are companies affiliated with the sanctioned PJSC Sovcomflot, such as Stream Ship Management FZCO, Sun Ship Management, Oil Tankers Scf Mgmt Fzco. PJSC Sovkomflot is the largest state-owned shipping company in russia for the maintenance and provision of marine hydrocarbon extraction, transportation of russian oil, petroleum products, and liquefied gas. The main charterers of Sovcomflot vessels are the largest oil and gas companies and traders of russia. Sovcomflot participates in the maintenance of large oil and gas projects in russia: Sakhalin-1, Sakhalin-2, Varandey, Pryrazlomnoye, Novyy Port, Yamal LNG, others. Before the full-scale russian invasion of Ukraine, the company's fleet consisted of about 145 vessels. After the application of sanctions, PJSC Sovcomflot transferred dozens of vessels to the ownership of companies it created, including those in foreign jurisdictions, in order to circumvent them, starting the practice of constant 'juggling' (transferring) vessels to related companies. The tankers 'transferred' by PJSC Sovcomflot to related companies are, according to experts, part of the so-called 'shadow tanker fleet' of the russian federation to continue sales of russian oil, petroleum products, and liquefied gas under Western sanctions. In June 2024, UK imposed sanctions on a vessel in connection with its involvement in the transportation of russian oil and/or petroleum products from the russian federation to third countries. On January 10, 2025, USA imposed sanctions on the vessel. On February 21, 2025, Canada imposed sanctions on the vessel.
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GALAXY
Vessel name
GALAXY
IMO
9826902
Flag (Current)
Tanzania Tanzania
Vessel Type
Crude Oil Tanker
Category
Transportation of fossil fuels
icon arrow-tree Transporting russian crude oil/oil products in violation of other restrictions
It is involved in the transportation of russian crude oil during the period of the G7 and EU oil embargo on russian oil. The vessel transported russian oil from russian ports to third countries. The vessel is linked to sanctioned companies Stream Ship Management FZCO, Sun Ship Management, Oil Tankers Scf Mgmt FZCO, affiliated with the sanctioned PJSC Sovcomflot, the largest state-owned shipping company in russia for servicing and supporting offshore hydrocarbon production, transportation of russian crude oil, oil products, and liquefied natural gas. The main charterers of PJSC Sovcomflot vessels are the largest oil and gas companies and traders of russia. PJSC Sovcomflot participates in the maintenance of large oil and gas projects in russia: "Sakhalin-1", "Sakhalin-2", "Varandey", "Pryrazlomnoye", "Novyy Port", "Yamal LNG", others. Before the full-scale russian invasion of Ukraine, the company's fleet consisted of about 145 vessels. After the application of sanctions, PJSC Sovcomflot transferred dozens of vessels to the ownership of companies it created, including those in foreign jurisdictions, in order to circumvent them, starting the practice of constant "juggling" (transferring) vessels to related companies. The tankers "transferred" by PJSC Sovcomflot to related companies are, according to experts, part of the so-called "shadow tanker fleet" of the russian federation to continue sales of russian oil, petroleum products, and liquefied gas under Western sanctions. The vessel has been delivering russian crude oil to China since 2019. The delivery of russian oil to China takes place along the route of the Northern Sea Route. In July 2024, UK imposed sanctions on a vessel in connection with its involvement in the transportation of russian oil and/or petroleum products from the russian federation to third countries. On December 16, 2024, the EU imposed sanctions on the tanker (effective from December 17, 2024) due to the transportation of crude oil or petroleum products originating in or exported from russia, using irregular high-risk shipping practices as set out in the International Maritime Organization General Assembly Resolution A.1192(33). On December 23, 2024, Switzerland imposed sanctions on the vessel in connection with the transportation of crude oil or petroleum products originating in or exported from russia, using irregular and risky shipping practices, as set out in the resolution of the General Assembly of the International Maritime Organization A.1192(33). On January 10, 2025, USA imposed sanctions on the vessel. On February 21, 2025, Canada imposed sanctions on the vessel.
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PRIMAVERA
Vessel name
PRIMAVERA
IMO
9511533
Flag (Current)
Oman Oman
Vessel Type
Crude Oil Tanker
Category
Transportation of fossil fuels
icon arrow-tree Transporting russian crude oil/oil products in violation of other restrictions
It is involved in the transportation of russian crude oil during the period of the G7 and EU oil embargo on russian oil. The vessel transported russian oil from russian ports to third countries. The vessel is linked to Stream Ship Management FZCO, Sun Ship Management, Oil Tankers Scf Mgmt FZCO, affiliated with the sanctioned Sovcomflot, the largest state-owned shipping company in russia, a key company for servicing and supporting offshore hydrocarbon production, transportation of russian oil, oil products, liquefied natural gas amid sanctions restrictions on russia following its full-scale invasion of Ukraine. The services provided by PJSC "Sovcomflot" are a significant source of income for the russian federation, since more than 70% of russia's income is from the sale of energy, which allows it to finance the war against Ukraine. The main charterers of "Sovcomflot" vessels are the largest oil and gas companies and traders of russia. "Sovcomflot" participates in the maintenance of large oil and gas projects in russia: "Sakhalin-1", "Sakhalin-2", "Varandey", "Pryrazlomnoye", "Novyy Port", "Yamal LNG", others. Before the full-scale russian invasion of Ukraine, the company's fleet consisted of about 145 vessels. After the application of sanctions, PJSC "Sovcomflot" transferred dozens of vessels to the ownership of companies it created, including those in foreign jurisdictions, in order to circumvent them, starting the practice of constant "juggling" (transferring) vessels to related companies. The tankers "transferred" by PJSC "Sovcomflot" to related companies are, according to experts, part of the so-called "shadow tanker fleet" of the russian federation to continue sales of russian oil, petroleum products, and liquefied gas under Western sanctions. In 2023, the vessel delivered russian oil to China via the Northern Sea Route. In July 2024, UK imposed sanctions on a vessel in connection with its involvement in the transportation of russian oil and/or petroleum products from the russian federation to third countries. On December 16, 2024, the EU imposed sanctions on the tanker (effective from December 17, 2024) due to the transportation of crude oil or petroleum products originating in or exported from russia, using irregular high-risk shipping practices as set out in the International Maritime Organization General Assembly Resolution A.1192(33). On December 23, 2024, Switzerland imposed sanctions on the vessel in connection with the transportation of crude oil or petroleum products originating in or exported from russia, using irregular and risky shipping practices, as set out in the resolution of the General Assembly of the International Maritime Organization A.1192(33). On January 10, 2025, USA imposed sanctions on the vessel.
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SUCCESS
Vessel name
SUCCESS
IMO
9333436
Flag (Current)
Comoro Islands Comoro Islands
Vessel Type
Crude Oil Tanker
Category
Transportation of fossil fuels
icon arrow-tree Transporting russian crude oil/oil products in violation of other restrictions
It is involved in the transportation of russian crude oil during the period of the G7 and EU oil embargo on russian oil. The vessel is certified by the regulator Indian Register of Shipping (IACS) since August 06, 2024. The vessel transported russian oil from russian ports to third countries. The vessel through Thunder Shipmanagement LLC-FZ, Avebury Shipmanagment LLC-FZ, Fornax Ship Management, Sun Ship Management, Oil Tankers Scf Mgmt FZCO, affiliated with the sanctioned PJSC Sovcomflot - the largest state-owned shipping company in russia for the maintenance and provision of offshore hydrocarbon extraction, transportation of russian oil, petroleum products, and liquefied gas. The main charterers of Sovcomflot vessels are the largest oil and gas companies and traders of russia. "Sovcomflot" participates in the maintenance of large oil and gas projects in russia: "Sakhalin-1", "Sakhalin-2", "Varandey", "Pryrazlomnoye", "Novyy Port", "Yamal LNG", others. Before the full-scale russian invasion of Ukraine, the company's fleet consisted of about 145 vessels. After the application of sanctions, PJSC Sovcomflot transferred dozens of vessels to the ownership of companies it created, including those in foreign jurisdictions, in order to circumvent them, starting the practice of constant "juggling" (transferring) vessels to related companies. The tankers "transferred" by PJSC Sovcomflot to related companies are, according to experts, part of the so-called "shadow tanker fleet" of the russian federation to continue sales of russian oil, petroleum products, and liquefied gas under Western sanctions. In June-July 2024, UK and EU imposed sanctions on the vessel in connection with the transportation of russian oil and/or oil products from russia to third countries, as well as in connection with the support of the development of the energy sector of russia. On October 17, 2024, Switzerland imposed sanctions on the vessel in connection with promoting, supporting actions or policies aimed at the operation, development or expansion of the energy sector in russia, including energy infrastructure. On January 10, 2025, USA imposed sanctions on the vessel. On February 21, 2025, Canada imposed sanctions on the vessel.
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PHOENIX
Vessel name
PHOENIX
IMO
9333424
Flag (Current)
Sao Tome and Principe Sao Tome and Principe
Vessel Type
Crude Oil Tanker
Category
Transportation of fossil fuels
icon arrow-tree Transporting russian crude oil/oil products in violation of other restrictions
Involved in the transportation of russian crude oil during the G7 and EU oil embargo on russian oil. The ship was transporting russian oil from russian ports to third countries. The vessel through Sun Ship Management, Oil Tankers Scf Mgmt FZCO, is affiliated with the sanctioned PJSC Sovcomflot - the largest state-owned shipping company in russia for the maintenance and provision of marine hydrocarbon production, transportation of russian oil, petroleum products, liquefied gas. The main charterers of Sovcomflot vessels are the largest oil and gas companies and traders of russia. Sovcomflot participates in the maintenance of large oil and gas projects in russia: Sakhalin-1, Sakhalin-2, Varandey, Pryrazlomne, Noviy Port, Yamal LNG and others. Before the full-scale russian invasion of Ukraine, the company's fleet numbered about 145 vessels. After the application of sanctions, PJSC Sovcomflot transferred dozens of vessels to the ownership of companies it created, including those in foreign jurisdictions, in order to circumvent them, starting the practice of constant 'juggling' (transferring) vessels to related companies. Tankers 'transferred by PJSC Sovcomflot to related companies are, according to experts, part of the so-called 'shadow tanker fleet' of the russian federation to continue sales of russian oil, petroleum products, and liquefied gas under Western sanctions. In July 2024, UK imposed sanctions on a vessel in connection with its involvement in the transportation of russian oil and/or petroleum products from the russian federation to third countries. On December 16, 2024, EU imposed sanctions on the tanker (effective from December 17, 2024) due to the transportation of crude oil or petroleum products originating in or exported from russia, using irregular high-risk shipping practices as set out in the International Maritime Organization General Assembly Resolution A.1192(33). On December 23, 2024, Switzerland imposed sanctions on the vessel in connection with the transportation of crude oil or petroleum products originating in or exported from russia, using irregular and risky shipping practices, as set out in the resolution of the General Assembly of the International Maritime Organization A.1192(33). On February 21, 2025, Canada imposed sanctions on the vessel.
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ZALIV AMURSKIY
Vessel name
ZALIV AMURSKIY
IMO
9354313
Flag (Current)
Comoro Islands Comoro Islands
Vessel Type
Crude Oil Tanker
Category
Transportation of fossil fuels
icon arrow-tree Transporting russian crude oil/oil products in violation of other restrictions
It is involved in the transportation of russian crude oil during the period of the G7 and EU oil embargo on russian oil. The vessel transported russian oil from russian ports to third countries. The tanker through Stream Ship Management FZCO, Sun Ship Management, Oil Tankers Scf Mgmt FZCO is affiliated with the sanctioned PJSC Sovcomflot, the largest state-owned shipping company in russia for the maintenance and provision of marine hydrocarbon extraction, transportation of russian oil, petroleum products, and liquefied gas. The main charterers of Sovcomflot vessels are the largest oil and gas companies and traders of russia. Sovcomflot participates in the maintenance of large oil and gas projects in russia: Sakhalin-1, Sakhalin-2, Varandey, Pryrazlomnoye, Novyy Port, Yamal LNG, others. Before the full-scale russian invasion of Ukraine, the company's fleet consisted of about 145 vessels. After the application of sanctions, PJSC Sovcomflot transferred dozens of vessels to the ownership of companies it created, including those in foreign jurisdictions, in order to circumvent them, starting the practice of constant 'juggling' (transferring) vessels to related companies. The tankers 'transferred' by PJSC Sovcomflot to related companies are, according to experts, part of the so-called 'shadow tanker fleet' of the russian federation to continue sales of russian oil, petroleum products, and liquefied gas under Western sanctions. In July 2024, UK imposed sanctions on a vessel in connection with its involvement in the transportation of russian oil and/or petroleum products from the russian federation to third countries. On December 16, 2024, EU imposed sanctions on the vessel (effective December 17, 2024). On December 23, 2024, Switzerland imposed sanctions on the vessel. On January 10, 2025, USA imposed sanctions on the vessel. On February 21, 2025, Canada imposed sanctions on the vessel.
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LEGACY
Vessel name
LEGACY
IMO
9339337
Flag (Current)
Comoro Islands Comoro Islands
Vessel Type
Crude Oil Tanker
Category
Transportation of fossil fuels
icon arrow-tree Transporting russian crude oil/oil products in violation of other restrictions
It is involved in the transportation of russian crude oil during the period of the G7 and EU oil embargo on russian oil. The vessel transported russian oil from russian ports to third countries. The vessel through sanctioned Stream Ship Management FZCO, Sun Ship Management, Oil Tankers Scf Mgmt FZCO is affiliated with the sanctioned PJSC Sovcomflot, the largest state-owned shipping company in russia for servicing and supporting offshore hydrocarbon extraction, transportation of russian oil, oil products, and liquefied gas. The main charterers of Sovcomflot's vessels are russia's largest oil and gas companies and traders. 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 affiliated 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 natural gas under western sanctions. In June-July 2024, UK and EU imposed sanctions on the vessel in connection with its involvement in the transportation of russian oil and/or oil products from russia to third countries, as well as in connection with the support of the development of the energy sector of russia. On October 17, 2024, Switzerland imposed sanctions on the vessel in connection with promoting, supporting actions or policies aimed at the operation, development or expansion of the energy sector in russia, including energy infrastructure. On January 10, 2025, USA imposed sanctions on the vessel. On February 21, 2025, Canada imposed sanctions on the vessel.
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CONSTELLATION
Vessel name
CONSTELLATION
IMO
9306794
Flag (Current)
Comoro Islands Comoro Islands
Vessel Type
Crude Oil Tanker
Category
Transportation of fossil fuels
icon arrow-tree Transporting russian crude oil/oil products in violation of other restrictions
It is involved in the transportation of russian crude oil during the period of the G7 and EU oil embargo on russian oil. The vessel transported russian oil from russian ports to third countries. The vessel through the companies Stream Ship Management Fzco, Sun Ship Management, Oil Tankers Scf Mgmt Fzco, is affiliated with the sanctioned PJSC Sovcomflot, the largest state-owned shipping company in russia for servicing and supporting offshore hydrocarbon extraction, transportation of russian oil, oil products, and liquefied gas. The main charterers of Sovcomflot's vessels are russia's largest oil and gas companies and traders. 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 affiliated 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 natural gas under western sanctions. In July 2024, UK imposed sanctions on a vessel in connection with the transportation of russian oil and/or oil products from russia to third countries. On December 16, 2024, EU imposed sanctions on the tanker (effective from December 17, 2024) due to the transportation of crude oil or petroleum products originating in or exported from russia, using irregular high-risk shipping practices as set out in the International Maritime Organization General Assembly Resolution A.1192 (33). On December 23, 2024, Switzerland imposed sanctions on the vessel in connection with the transportation of crude oil or petroleum products originating in or exported from russia, using irregular and risky shipping practices, as set out in the resolution of the General Assembly of the International Maritime Organization A.1192 (33). On February 21, 2025, Canada imposed sanctions on the vessel.
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ANDROMEDA
Vessel name
ANDROMEDA
IMO
9292204
Flag (Current)
Comoro Islands Comoro Islands
Vessel Type
Crude Oil Tanker
Category
Transportation of fossil fuels
icon arrow-tree Transporting russian crude oil/oil products in violation of other restrictions
It is involved in the transportation of russian crude oil during the period of the G7 and EU oil embargo on russian crude oil. The vessel is linked to Stream Ship Management Fzco, Sun Ship Management, Oil Tankers Scf Mgmt Fzco, affiliated with the sanctioned Sovcomflot, the largest state-owned shipping company in russia for servicing and supporting offshore hydrocarbon production, transportation of russian crude oil, oil products and liquefied gas. 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 affiliated 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 crude oil, oil products, and liquefied natural gas under western sanctions. In July 2024, UK imposed sanctions on a vessel in connection with the transportation of russian crude oil and/or oil products from russia to third countries. On December 16, 2024, EU imposed sanctions on the tanker (effective from December 17, 2024) due to the transportation of crude oil or petroleum products originating in or exported from russia, using irregular high-risk shipping practices as set out in the International Maritime Organization General Assembly Resolution A.1192(33). On December 23, 2024, Switzerland imposed sanctions on the vessel in connection with the transportation of crude oil or petroleum products originating in or exported from russia, using irregular and risky shipping practices, as set out in the resolution of the General Assembly of the International Maritime Organization A.1192(33). On February 21, 2025, Canada imposed sanctions on the vessel.
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Saga
Vessel name
Saga
IMO
9318553
Flag (Current)
Barbados Barbados
Vessel Type
Chemical/Oil Products Tanker
Category
Transportation of fossil fuels
icon arrow-tree Transporting russian crude oil/oil products in violation of other restrictions
It is involved in the transportation of russian oil from russian ports to third countries. The vessel through Avebury Shipmanagment LLC-FZ, Fornax Ship Management, Sun Ship Management, Oil Tankers Scf Mgmt Fzco, affiliated with the sanctioned PJSC Sovcomflot, the largest state-owned shipping company in russia, a key company for servicing and supporting offshore hydrocarbon extraction, transportation of russian oil, oil products, and LNG. The services provided by Sovcomflot are a significant source of income for the russian federation, 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 affiliated 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 natural gas under western sanctions. The vessel is certified by the Indian Register of Shipping (IACS). In June 2024, EU imposed sanctions on the vessel in connection with its support for the development of the russian energy sector. On October 17, 2024, Switzerland imposed sanctions on the vessel in connection with promoting, supporting actions or policies aimed at the operation, development or expansion of the energy sector in russia, including energy infrastructure. Despite the sanctions, the vessel continued to transport russian oil products, delivering consignments of russian fuel oil and vacuum gas oil to Turkey. On January 10, 2025, USA imposed sanctions on the vessel.
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Serenade
Vessel name
Serenade
IMO
9318541
Flag (Current)
Barbados Barbados
Vessel Type
Chemical/Oil Products Tanker
Category
Transportation of fossil fuels
icon arrow-tree Violation of the oil embargo
The vessel is involved in the transportation of russian oil from russian ports to third countries and violation of the G7 and EU oil embargo on russian oil. The vessel has been recorded by the Monitoring Group of the Institute for Black Sea Strategic Studies and the BlackSeaNews editorial board as a violator of the embargo on the import of russian crude oil. In particular, the facts of the vessel's participation in the transportation of russian oil were recorded in January 2023 (from the russian port of Tuapse to the Turkish port of Mersin), in February 2023 (from the russian port of Taman to the Greek ports of the Gulf of Lakonikos and Agio Theodoroi), and in June 2024 (from the russian port of Ust-Luga to the Turkish port of Tuzla). The vessel is owned by Wasp Navigation Co, with Sun Ship Management and Oil Tankers Scf Mgmt Fzco among the former managers, are affiliated with the sanctioned Sovcomflot, the largest state-owned shipping company in russia, a key company for servicing and supporting offshore extraction of hydrocarbons, transportation of russian oil, oil products, and LNG. The services provided by Sovcomflot are a significant source of income for the russian federation, 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 affiliated 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 natural gas under western sanctions. In June 2024, EU imposed sanctions on the vessel in connection with its support for the development of the russian energy sector. On October 17, 2024, Switzerland imposed sanctions on the vessel in connection with promoting, supporting actions or policies aimed at the operation, development or expansion of the energy sector in russia, including energy infrastructure. On January 10, 2025, USA imposed sanctions on the vessel.
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War & Sanctions 2025
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