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Sanctions Ukraine crisis Tankers and Gas

Sanctions have fragmented Sovcomflot’s structure and made it less Russian

  • 50 Sovcomflot ownership changes since April 2022, with 74% happening in the past six months
  • Sanctions forced SCF to sell vessels ‘to someone who is ready to operate these vessels despite sanctions status’
  • Changes to ownership and technical management are not obscuring sanctions scrutiny, insists Sovcomflot

  • Analysis

Sovcomflot’s once dominant fleet of Russia tankers is now increasingly controlled by special purpose vehicles registered outside Russia as sanctions force the company into new ownership structures after flag and management shifts

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