PROSPERITY

The tanker is involved in the export of sanctioned russian oil products from russian ports in the Baltic and Black Seas, mainly to Brazil and Turkey.
The vessel, through related companies, including the sanctioned 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 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 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 January 10, 2025, USA imposed sanctions on the vessel.
On February 24, 2025, the United Kingdom imposed sanctions on the vessel.
On February 24, 2025, the EU imposed sanctions on a tanker associated with a sanctioned person as part of the restrictions on the russian shadow fleet (the sanctions come into force on February 25, 2025).