LIGOVSKY PROSPECT

The vessel is involved in the transportation of russian crude oil during the G7 and EU oil embargo and violated the price cap policy of $60 per barrel of russian oil.
Since January 2024, the vessel has been owned and managed by the russian company South Fleet LLC, controlled by 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.
The previous owner of the tanker ІМО 9256066 is the sanctioned Progress shipping company Limited (UAE), affiliated with PJSC Sovcomflot. The change of the tanker's owner and manager to a russian shipping company took place after sanctions were imposed on Progress shipping company Limited (UAE).
In November 2023, USA imposed sanctions on three vessels (including ІМО 9256066) affiliated with the sanctioned company PJSC Sovcomflot, which were involved in the export of russian crude oil at a price of more than $60 per barrel after the price-cap policy for russian oil came into force.
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.