Among the companies to which sanctions have been applied:
STERLING SHIPPING INCORPORATED
STERLING SHIPPING INCORPORATED
Provide additional information
Full name of legal entity
STERLING SHIPPING INCORPORATED

Abbreviated name of the legal entity
STERLING SHIPPING INC

Tax Number

Registration number
YSA2FRK6ZGE9

Country
United Arab Emirates

Address
Unit 27610 - 001, Building A1, IFZA Business Park, Dubai Silicon Oasis, Dubai · United Arab Emirates

Reasons
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, oil products, and liquefied gas against the background of sanctions restrictions on russia after its full-scale invasion of Ukraine. 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 started a practice of constant ‘juggling’ (transferring) of 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 natural gas under western sanctions.


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
KOTLAS
Vessel name
KOTLAS
IMO
9299719
Flag (Current)
russian federation russian federation
Vessel Type
Crude Oil Tanker
Category
Transportation of fossil fuels
icon arrow-tree Violation of the price cap
The vessel is involved in the transportation of russian crude oil during the period of the G7 and EU oil embargo on russian oil and the price cap policy at $60 per barrel of russian oil. The tanker was transporting russian Urals crude oil at a price of more than $70 after the price-cap policy came into effect. In 2024-2025, the tanker transported russian oil from the port of Primorsk to China. The shipments were carried out under the command of captain Ivan Nikiforov. The tanker is affiliated through related companies with the sanctioned PJSC Sovcomflot, the largest state-owned shipping company in russia that services and supports offshore hydrocarbon production, transportation of russian crude oil, oil products, and liquefied natural gas. The major charterers of PJSC Sovcomflot's vessels are russia's largest oil and gas companies and traders. PJSC Sovcomflot is involved in servicing major oil and gas projects in russia: Sakhalin-1, Sakhalin-2, Varandey, Prirazlomnoye, Novy Port, Yamal LNG and others. After the sanctions were imposed, PJSC Sovcomflot transferred dozens of vessels to the ownership of companies it had set up, including in foreign jurisdictions, and began the practice of constantly 'juggling' (transferring) vessels to related companies. According to expert estimates, the tankers 're-registered' by PJSC 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 December 2023, USA imposed sanctions on the tanker ІМО 9299719 for non-compliance with the price-cap policy for russian crude oil. On February 24, 2025, EU imposed sanctions on a tanker associated with a sanctioned person (the sanctions come into force on February 25, 2025). On March 04, 2025, Switzerland imposed sanctions on the tanker as a vessel associated with a sanctioned entity.
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