OCEAN FAYE

During the period of the G7 and EU oil embargo and the price-cap policy on russian oil, the tanker is involved in the export of oil to third countries from russian ports, and resorts to the practice of turning off the AIS signal, conducting so-called 'dark activities' at sea.
The tanker is affiliated with One Moon Marine Services LLC (UAE, under UK sanctions), a company affiliated with the sanctioned operators of the so-called 'shadow' fleet involved in the export of russian oil. After its establishment, One Moon Marine Services LLC 'received' a number of tankers, including the sanctioned vessel 'Ocean Amz', from the shadow fleet operators Radiating World Shipping Services and Voyages Shipping Services. Since November 2023, One Moon Marine Services LLC has started transporting russian oil without P&I insurance. Other vessels were transferred to Alqutb Ashamali Marine Services, Breath Shipping Services, etc. The constant change of owners and managers of vessels to avoid sanctions and conceal the true beneficiaries of the vessels is typical for the so-called 'shadow fleet' involved in the russian oil and oil products trade.
Oil exports from russia are the most important source of income for the kremlin regime to finance the war against Ukraine. The tax on oil production collected by the russian federation in 2023 amounted to 8.9 trillion rubles, or 31% of russia's total federal revenues.
The shadow tanker fleet continues to generate multibillion-dollar revenues for the Kremlin by circumventing sanctions, disguising its activities under third-country flags, using complex schemes to conceal owners, and poses significant environmental safety hazards with significant economic costs to coastal countries and/or the international community due to the outdated and inadequately insured shadow fleet tankers.
On December 17, 2024, the United Kingdom imposed sanctions on a vessel in connection with the transportation of oil or oil products originating in russia or from russia to a third country.
On February 21, 2025, Canada imposed sanctions on the vessel.
On February 24, March 04, 2025 EU and Switzerland respectively imposed sanctions on the tanker for transporting crude oil/oil products originating in or exported from russia using irregular and high-risk shipping practices as specified in the International Maritime Organization General Assembly resolution A.1192 (33); promoting or supporting actions/policies aimed at the exploitation, development or expansion of the energy sector in russia, including energy infrastructure (EU sanctions will enter into force on February 25, 2025).