Stop Doing
Business with Russia
Russia initiated aggression against Ukraine in 2014. On February 24, 2022, it started a full-scale military invasion to the Ukrainian territory. This brutal war and military crimes of Russian troops caused a humanitarian crisis in Ukraine with thousands civilians killed and millions becoming refuges. As a reaction to this act of aggression, many international companies decided to leave the Russian market, while some others continue doing business there as usual. We track such decisions of companies and urge them to stop funding the war.
Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business
Pausing InvestmentsReducing Activities: company scaling back some business operations while continuing others
Scaling BackPause operations: company temporarily curtailing operations while keeping return options open
SuspensionClean Break: the company completely halting Russian engagements or exiting Russia
WithdrawalExit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exit Completed
MSC retains a considerable presence in the Russian trades with feeder operations in all three Russian gateways while the other key European carriers have withdrawn completely from the market. Revenue increased in 2024 vs 2023 by more than +50%.
Damen halts delivery of newbuilds to Russia. The Netherlands’ largest shipbuilder is suing the Dutch government for losses inflicted on its business by sanctions against Russia, a rare instance of a European company taking its grievances to court over the corporate fallout from the invasion of Ukraine. “Before the sanctions, Damen had signed contracts with Russian ship buyers, and after the invasion of Ukraine the Dutch government decided that such contracts may not be honored by the Dutch business community.” Through intermediaries in Turkey and Hong Kong, Russia reportedly bypassed the sanctions to source parts for Damen’s crab-fishing vessels. Import data suggests that at least some of these components originated from Damen or were sourced through its supply chain. The Dutch Attorney General's Office will prosecute the Dutch shipbuilding company Damen Shipyards, among the charges is violation of sanctions against Russia. Revenue increased in 2024 vs 2023 by more than +100%.
President at Columbia Shipmanagement ltd: https://www,linkedin,com/in/mark-o-neil-831957142
Non Executive Director at Wah Kwong Maritime Transport Holdings Limited: https://www.linkedin.com/in/peter-cremers-969219159/
CEO at Bernhard Schulte GmbH & Co, KG: https://www.linkedin.com/in/ian-beveridge-90a851147/; Fleet Manager at BSM Singapore: https://www.linkedin.com/in/jezil-colabewalla-865734a3/
Possible blocking of access to British Admiralty maps will lead to significant problems for Russian ships, List of map distributors - https://www.admiralty.co.uk/how-to-buy
Managing Director at Fleet Management Limited: https://www,linkedin,com/in/kishore-rajvanshy-91240a51/
The US Treasury Department's Office of Foreign Assets Control (OFAC) imposed sanctions against 19 tankers carrying Russian oil under the flags of Liberia and Panama. The tankers belong to two companies: Hennesea Holdings Limited (UAE) and Cielo Marine Ltd (Hong Kong). About the shipping company Hennesea Holdings Limited (Hennesea), based in the United Arab Emirates, it is known that it is the ultimate owner of 18 vessels that were engaged in the transportation of crude oil of Russian origin at a price higher than 60 dollars per barrel.
Suspended bookings to and from Russia. CMA CGM agreed to exchange its 25% stake in Russia’s Yanino Logistics Park and Moby Dik ocean terminal for an additional 25% stake in Finnish terminal operator Multi Link Terminal. CMA CGM Completes Russia Exit: French-based shipping group CMA CGM has completed its withdrawal from the Russian market by divesting stakes in terminals through an asset swap, the company said. But local company "CMA SIGEEM RUS" stil has foreign ownership. Revenue significantly (by more than -50%) decreased in 2024 vs 2023. In November 2025, one of the world's largest container carriers, the French shipping line CMA CGM, will officially resume calls to the port of St. Petersburg, including it in the route of its regular Finland Express (FLX) service.
Two laden Greek tankers seized by Iranian forces. The company's stay at the NACP base has been SUSPENDED for the period of bilateral consultations with the participation of representatives of the European Commission. The National Agency on Corruption Prevention (NACP) returned the status of five Greek shipping companies on the list of "international war sponsors" because they did not meet the conditions agreed during the negotiations to remove them from the list.
Turkiye-based companies providing material support and supporting russian sanctions evasion: DENKAR SHIP CONSTRUCTION INCORPORATED COMPANY is a Turkiye-based ship repair company that has materially assisted JSC NORTHERN SHIPPING COMPANY by providing ship repair services to three of its blocked vessels: INZHENER TRUBIN, INZHENER VESHNYAKOV, and KAPTAN KOKOVIN.
US seizes Iranian crude from Russian tanker arrested in Greece. The company's stay at the NAZK base has been SUSPENDED for the period of bilateral consultations with the participation of representatives of the European Commission.
Lukoil has added 25 old tankers to its shadow fleet. All purchases were financed by Dubai-based Eiger Shipping DMCC, which is owned by Litasco Middle East DMCC, the Middle East subsidiary of Litasco, Lukoil's oil trading division. Eiger provided the money in advance, chartering the vessels in preparation for acquisition.
Ice-class tankers transporting Russian liquefied natural gas from the Yamal LNG plant continue to be serviced in European ports. A ban on working with them would greatly complicate the logistics of transporting LNG from the Arctic, but for now the EU is only increasing its purchases. Technical maintenance of 14 out of 15 specialized Arc7 tankers delivering LNG from Yamal to Europe was carried out by two shipyards – Damen in Brest, France, and Fayard A/S in Denmark.
Managing Director at Fleet Management Limited: https://www.linkedin.com/in/kishore-rajvanshy-91240a51/
The U.S. Department of the Treasury has announced sanctions and blocked three oil tankers that were transporting Russian oil in violation of the established price ceiling of $60 per barrel. The new U.S. sanctions target three companies registered in the United Arab Emirates – Kazan Shipping, Progress Shipping, and Gallion Navigation, which own the tankers "Kazan," "Ligovsky Prospekt," and "NS Century," respectively.
An oil tanker company heavily involved in moving Russian oil lost industry standard insurance for its fleet after falling foul of a Group of Seven price cap relating to the transportation of the nation’s barrels. Lloyd's Register revokes the insurance of ships of the largest Indian carrier of Russian oil, Gatik Ship Management. Antwerp detains ‘dark fleet’ Gatik tanker after STS transfers with Greece-owned ships.
The Russian state atomic energy agency Rosatom has signed a memorandum of understanding with a Chinese shipping company to establish a year-round container line between the two countries through the Arctic Northern Sea Route (NSR). Rosatom stated that the agreement with the Chinese company Hainan Yangpu NewNew Shipping Co. Ltd envisages the creation of a joint venture for the design and construction of container ships and the joint operation of a shipping line.
The US Treasury Department's Office of Foreign Assets Control (OFAC) imposed sanctions against 19 tankers carrying Russian oil under the flags of Liberia and Panama. The tankers belong to two companies: Hennesea Holdings Limited (UAE) and Cielo Marine Ltd (Hong Kong). About the shipping company Hennesea Holdings Limited (Hennesea), based in the United Arab Emirates, it is known that it is the ultimate owner of 18 vessels that were engaged in the transportation of crude oil of Russian origin at a price higher than 60 dollars per barrel.
The United States added two companies from the UAE and one from Liberia to the SDN-List, as well as the tankers they own, for transporting Russian oil above the "price ceiling". These are HS Atlantica Limited (Liberia) and its vessel HS Atlantica, and Sterling Shipping Incorporated (UAE) and its vessel NS Champion. The third company against which sanctions have been imposed is Streymoy Shipping Limited (UAE), its tanker is Victor Bakaev. All vessels subject to sanctions fly the flag of Liberia.
Treasury Sanctions Entities for Transporting Oil Sold Above the Coalition Price Cap to Restrict Russia’s War Machine. The YasaGolden Bosphorus carried ESPO crude oil priced above $80 per barrel after the crude oil price cap took effect. Turkiye-based Ice Pearl Navigation Corp is the registered owner of the Yasa Golden Bosphorus. The US lifted sanctions against the Turkish company Ice Pearl Navigation and its oil tanker for violating the oil price ceiling.
Turkiye-based companies providing material support and supporting russian sanctions evasion: ID SHIP AGENCY TRADE LIMITED COMPANY (ID SHIPPING) is a Turkiye-based shipyard agency that has materially assisted NORD PROJECT LLC TRANSPORT COMPANY by arranging ship repair services for one of its blocked vessels, ENISEY.
No official statement
No official statement
JRC/Alphatron Marine proudly announced before Russian Maritime Register of Shipping certification for a wide range of JRC products.
The U.S. Department of the Treasury has announced sanctions and blocked three oil tankers that were transporting Russian oil in violation of the established price ceiling of $60 per barrel. The new U.S. sanctions target three companies registered in the United Arab Emirates – Kazan Shipping, Progress Shipping, and Gallion Navigation, which own the tankers "Kazan," "Ligovsky Prospekt," and "NS Century," respectively.
Treasury Sanctions Entities for Transporting Oil Sold Above the Coalition Price Cap to Restrict Russia’s War Machine. The crude oil price cap took effect in December 2022 with a cap on Russian crude oil at $60 per barrel. The SCF Primorye carried Novy Port crude oil priced above $75 per barrel from a port in the Russian Federation after the crude oil price cap took effect. United Arab Emirates-based Lumber Marine SA is the registered owner of the SCF Primorye.
The USA expanded sanctions against companies and individuals from Russia. Finnish companies Siberica and Luminor, as well as members of their management who are citizens of France and Estonia, are also on black lists.
A newly formed company in Dubai has purchased three liquefied natural gas tankers in what appears to be Russia's latest attempt to circumvent Western sanctions. In September, aspects of the management of the Veliky Novgorod, Pskov and Laperuz ships, which were previously managed by Russia, were transferred to a company called Matias Ship Management. Shell companies based in Dubai are often used to procure tankers, hiding their ultimate ownership and management from Western authorities.
M&M itself stated that it ceased trading in Russian-origin petroleum products in February, and the company's financial director, Sergey Geller, who previously headed the company's division in Russia, left his position at the end of July.The U.S. Department of the Treasury is examining the activities of Mercantile & Maritime in an effort to determine whether it is trading Russian oil in violation of Western sanctions.
Japan's largest shipping company, Mitsui OSK, President and CEO Takeshi Hashimoto said that Japan had no choice but to continue buying Russian liquefied natural gas (LNG). The EU blacklist includes three tankers of a Japanese company that transported gas from the Arctic LNG project; the 17th package of EU sanctions announced earlier this month includes three ships of Japan's leading LNG tanker operator Mitsui OSK Lines. In what appears to be a first, the European Union has delisted three previously sanctioned Mitsui O.S.K. Lines (MOL) LNG carriers. The move comes as part of the EU’s 18th package of economic sanctions against Russia, which imposed measures against 105 additional shadow fleet vessels.
Iranian Nasim Bahr Kish, which owns 53.66% of PJSC Astrakhan Port, has sent a mandatory offer to buy out the shares of the remaining shareholders, according to a statement from the Russian company. The offer states that Nasim Bahr Kish is ready to buy out 46.3% of ordinary shares and 48.7% of preferred shares.
NS Leader Shipping Incorporated (Liberia) and its associated Gabon-flagged tanker NS Leader are included in the SDN-List.
The United States has placed the following UAE shipping companies on its sanctions list: Oil Tankers SCF Mgmt Fzco, Talassa Shipping DMCC, as well as Zeenit Supply and Trading DMCC. According to OFAC's press release, all of the listed legal entities are affiliated with each other and have been observed transporting Russian oil at a price exceeding the price ceiling of $60 per barrel.
OVP Shipping launched China-Baltic Sea and China-Black Sea Service to Russia.
Since 2019, P&O Ferries belongs to the Dubai company DP World. After the invasion of Ukraine, DP World signed agreements with the Russian state nuclear corporation Rosatom. The company, headquartered in Dubai, is a partner in Vladimir Putin's Northern Sea Route project, an Arctic route between Europe and Asia.
A liquefied natural gas tanker off the coast of Malaysia that appears to be receiving fuel from a sanctioned Russian vessel is owned by Chinese shipping company Pacific Gas.
No public action found. (Distribution office in Russia.)
The U.S. Department of the Treasury has announced sanctions and blocked three oil tankers that were transporting Russian oil in violation of the established price ceiling of $60 per barrel. The new U.S. sanctions target three companies registered in the United Arab Emirates – Kazan Shipping, Progress Shipping, and Gallion Navigation, which own the tankers "Kazan," "Ligovsky Prospekt," and "NS Century," respectively.
Players unfazed by sanctions targeting Russia have jumped into the fray, with newcomers such as Safetrans, Torgmoll, Reel Shipping and OVP Shipping adding ships to the trade.
Riva, the iconic brand in international yachting for over 178 years, has signed a new dealership agreement with Burevestnik Group to handle its operations on the Russian market on an exclusive basis.
Seapeak Maritime Limited, based in Glasgow, owns and operates five giant icebreakers carrying fuel from Siberia. The UK ban on maritime services will apply to Seapeak Maritime (Glasgow) Ltd., a key shipping service provider for Russia’s Yamal LNG project, the government has confirmed to HNN. Without Seapeak’s six Arc7 LNG tankers, the project will face significant logistical challenges. The upcoming EU import ban will further complicate the project’s future.
The United States added two companies from the UAE and one from Liberia to the SDN-List, as well as the tankers they own, for transporting Russian oil above the "price ceiling". These are HS Atlantica Limited (Liberia) and its vessel HS Atlantica, and Sterling Shipping Incorporated (UAE) and its vessel NS Champion. The third company against which sanctions have been imposed is Streymoy Shipping Limited (UAE), its tanker is Victor Bakaev. All vessels subject to sanctions fly the flag of Liberia.
The United States added two companies from the UAE and one from Liberia to the SDN-List, as well as the tankers they own, for transporting Russian oil above the "price ceiling". These are HS Atlantica Limited (Liberia) and its vessel HS Atlantica, and Sterling Shipping Incorporated (UAE) and its vessel NS Champion. The third company against which sanctions have been imposed is Streymoy Shipping Limited (UAE), its tanker is Victor Bakaev. All vessels subject to sanctions fly the flag of Liberia.
The EU is discussing whether to sanction Dubai-based shipping company SUN Ship Management Ltd, which is suspected of helping Russia circumvent restrictions on its oil exports. The company is included in the sanction list of the US Treasury.
CEO - Synergy Marine Group: https://www.linkedin.com/in/rajesh-unni-32763823/
The United States has placed the following UAE shipping companies on its sanctions list: Oil Tankers SCF Mgmt Fzco, Talassa Shipping DMCC, as well as Zeenit Supply and Trading DMCC. According to OFAC's press release, all of the listed legal entities are affiliated with each other and have been observed transporting Russian oil at a price exceeding the price ceiling of $60 per barrel.
Players unfazed by sanctions targeting Russia have jumped into the fray, with newcomers such as Safetrans, Torgmoll, Reel Shipping and OVP Shipping adding ships to the trade.
Transpetrol, the Slovak oil transporter, said that supplies from Russia's Lukoil are being stopped, but supplies from other Russian exporters are arriving in Slovakia via Ukraine. Oil supplies from "Lukoil" to Slovakia through Ukraine have stopped after the company was included in the Ukrainian sanctions list, the Ministry of Economy of Slovakia announced earlier on Thursday, July 18, 2024.
Safetrans Line, sister company of Transfar Shipping, has launched a liner service linking China with Morocco and Russia, joining several other newcomers on the Russian lane. Transfar and Safetrans are owned by China-based forwarder Worldwide Logistics, in which Alibaba’s logistics unit Cainiao has a minority stake.
The United States has placed the following UAE shipping companies on its sanctions list: Oil Tankers SCF Mgmt Fzco, Talassa Shipping DMCC, as well as Zeenit Supply and Trading DMCC. According to OFAC's press release, all of the listed legal entities are affiliated with each other and have been observed transporting Russian oil at a price exceeding the price ceiling of $60 per barrel.
Three chartered ships from Zhonggu Logistics, of 3,398-4,872 teu. Transfar has diverted from its waning transpacific service, will soon join the loop, as will three more in April to boost frequency.
All new engine business with Russia and Belarus has been discontinued until further notice
Russian sanctions provide opportunity for Greek shipowners. Greek shipping companies are making profits by masking the transport of Russian oil. The company's stay at the NACP base has been SUSPENDED for the period of bilateral consultations with the participation of representatives of the European Commission. The National Agency on Corruption Prevention (NACP) returned the status of five Greek shipping companies on the list of "international war sponsors" because they did not meet the conditions agreed during the negotiations to remove them from the list. Greek shippers Minerva Marine, Thenamaris and TMS Tankers have stopped transporting Russia oil in recent weeks, the four traders said.
In the days leading up to the sanctions deadline, the giant German shipping company Oldendorff Carriers moved multiple shipments of coal from the Russian ports of Taman and Ust-Luga. Oldendorff ships delivered coal after the sanctions deadline.
Plans to move forward with the construction of three more ice-breaking LNG carrier hulls for Russia. Samsung has been delivering blocks and equipment for five of them to Zvezda, the Russian shipyard that is assembling the carriers, after receiving South Korean government approval. Samsung Heavy Industries has been hit by sanctions against Russia following the Russia-Ukraine war. The company’s order worth 4.85 trillion won (approximately $3.7 billion) from a Russian client before the war broke out was blocked by sanctions and the Russian client abruptly called off the contract. "The Russian client unilaterally claimed that the contract was not fulfilled during a negotiation process,” Samsung Heavy Industries said in a public disclosure on June 12, 2024 with respect to 10 liquefied natural gas (LNG) carriers and seven shuttle tankers for the North Sea ordered from Russia’s Zvezda Shipyard in 2020 and 2021. “The Russian client notified Samsung Heavy Industries of the termination of the contract and demanded that Samsung Heavy Industries return its down payment of US$800 million and its delayed interest to the Russian client."
Sinokor is one of the top 20 largest shipping lines by traffic volume, and it is the only major international operator that has not reduced transportation to Russia since the start of the war. South Korean sea carrier Sinokor announced the cessation of operations at the Russian port of Vostochny in Primorye. The company and its subsidiary Hueng-A Line will no longer accept orders for delivery starting March 10. On February 23, the operator of the Vostochny port, Vostochnaya Stevedoring Company (VSK), owned by the leader of the Russian container shipping market, the Global Ports group, was placed on the US sanctions list on charges of transporting ammunition from the DPRK. At the same time, Sinokor has already significantly increased prices for the use of its containers in Russia.
Sakhalin Energy, the operator of the Sakhalin-2 project, faced the threat of shipment disruption after its contractor Svitzer (the structure of the largest container operator Maersk), citing force majeure, unexpectedly decided to suspend the tug freight contract. In order to prevent the departure of four Svitzer tugs, "Sakhalin Energy" obtained their arrest through the court.
Greek owners grow share of Russian oil shipments. The company's stay at the NACP base has been SUSPENDED for the period of bilateral consultations with the participation of representatives of the European Commission. The National Agency on Corruption Prevention (NACP) returned the status of five Greek shipping companies on the list of "international war sponsors" because they did not meet the conditions agreed during the negotiations to remove them from the list. Greek shippers Minerva Marine, Thenamaris and TMS Tankers have stopped transporting Russia oil in recent weeks, the four traders said.
Russian sanctions provide opportunity for Greek shipowners. Greek shipping companies are making profits by masking the transport of Russian oil. The company's stay at the NACP base has been SUSPENDED for the period of bilateral consultations with the participation of representatives of the European Commission. The National Agency on Corruption Prevention (NACP) returned the status of five Greek shipping companies on the list of "international war sponsors" because they did not meet the conditions agreed during the negotiations to remove them from the list. Greek shippers Minerva Marine, Thenamaris and TMS Tankers have stopped transporting Russia oil in recent weeks, the four traders said.
Regulators continue to remove economically significant organizations from foreign jurisdictions. Thus, the Ministry of Industry and Trade filed a lawsuit against the Finnish Arctech Helsinki Shipyard Oy, which owns 49% of the Nevsky Shipyard (SSZ), which may be related to the suspension of the foreign company's rights. As a result, the direct owner will probably be the United Shipbuilding Corporation, which manages the asset. Considering the Nevsky Shipyard's order portfolio with a high share of government orders, optimization of the ownership structure is logical, experts say.
The largest logistics company in China has stopped shipments to Russia. Revenue significantly (by more than -50%) decreased in 2024 vs 2023.
Yanmar Group Suspends All Business Operations in Russia.
Following discussions with a Baltic Member who received oral guidance from the UK Government, the Baltic Exchange is of the opinion that UK persons are prohibited from broking, chartering and selling vessels to persons connected with Russia, and to do so would breach inter alia UK sanctions: Part 5 Chapter 2 Clause 29 (1) of the Russia (Sanctions) (EU Exit) Regulations 2019
Dubai-based Russia-focused CStar Line, which emerged in the market a year ago, is axing most of its Far East Russia feeder services in favour of more-lucrative Red Sea routes. Two major shipping lines have ceased operations in Russia. These are UAE-registered CStar Line and Chinese STF Shipping, which were alternately among the leaders in sea container shipping to Russian ports in 2023-2024. Login NMP, the Russian agent for CStar Line and STF Shipping, stopped accepting orders for cargo shipments in mid-October 2025, even for scheduled sailings.
Will abide by sanctions. Though not stated directly by the company, they have likely paused builds for Russian customers, since sanctions prohibit exporting of luxury European goods to Russia.
One of Turkey's mid-sized Mediterranean oil terminals - the Dortyol terminal - will no longer accept Russian imports after receiving record volumes last year, amid an increase in sanctions pressure by the United States. Global Terminal Services' (GTS), which operates the terminal in Turkey's southeastern Hatay province, said it had told its clients it would not accept any products from Russia. "GTS decided to cut all possible connections to Russian oil and declared accordingly to its customers in late February 2024 that even if there is no breach of any laws, regulations or sanctions, it would not accept any product of Russian origin or any products loaded from Russian ports as an additional measure to the sanction rules in effect".
Suspended all new bookings to/from Russia until further notice, temporarily holding the release of equipment for confirmed bookings as well as stopping all stuffed containers destined to Russia at first load port or transshipment port
Russia has not been included in the renewed composition of the Council of the International Maritime Organisation (IMO), the UN agency dealing with shipping safety issues.
Shandong Port Group has banned tankers under U.S. sanctions from entering its ports in the eastern Chinese province, home to many independent refineries that are the biggest importers of oil from countries under U.S. embargo. The province imported about 1.74 million barrels per day (bpd) of oil from Iran, Russia and Venezuela last year, accounting for about 17 percent of China's imports.
Two major shipping lines have ceased operations in Russia. These are UAE-registered CStar Line and Chinese STF Shipping, which were alternately among the leaders in sea container shipping to Russian ports in 2023-2024. Login NMP, the Russian agent for CStar Line and STF Shipping, stopped accepting orders for cargo shipments in mid-October 2025, even for scheduled sailings.
OOCL Logistics, which manages a fleet of 70 container ships, including two icebreakers, has stopped shipping dresses, skirts, trousers, shoes and other clothes already paid for from its warehouses in Shanghai and Shenzhen to Vladivostok. The company cites sanctions as the reason for the refusal. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.
Contractors representing the Big Four dredging companies (Van Oord, Boskalis, Jan de Nul, DEME), which account for over 98% of dredging works in Russian ports, have withdrawn from Russia’s Arctic infrastructure projects.
All new investments and advertising activities on hold. Contractors representing the Big Four dredging companies (Van Oord, Boskalis, Jan de Nul, DEME), which account for over 98% of dredging works in Russian ports, have withdrawn from Russia’s Arctic infrastructure projects.
Fully stop all business in Russia. Terminate all contractual relations & discontinue services in Russia.
Divested from shipping companies that continue to handle Russian cargoes
Received revenues in Russia in 2021-2022, there is no any official announcement. Ceased to receive income in Russia in 2023.
The company stopped product all deliveries to Russia.
Close rep office and withdraw ships. Contractors representing the Big Four dredging companies (Van Oord, Boskalis, Jan de Nul, DEME), which account for over 98% of dredging works in Russian ports, have withdrawn from Russia’s Arctic infrastructure projects.
Russian tankers continue to trade oil. In April, Sovcomflot transferred 98 owned and chartered vessels under the management of the office in the UAE. The company SCF Management Services Dubai LTD again became the manager of Russian vessels (vessel owner) according to the data of the international information system Equasis. At the same time, 80 tankers out of these 98, which are managed by an Arab company, are registered under the flag of Liberia for the relevant companies (vessel operators). Registration and maintenance of ships is carried out by the Liberian International Ship & Corporate Registry. Included in the list of international war sponsors by NACP. In Feb 2024 the National Agency for the Corruption Prevention (NACP) excluded the American company Liberian International Ship & Corporate Registry (LISCR) from the list of international sponsors of the war. The company sent a letter to NAKC, where it noted that the conditions that allow it to be removed from the list have been met. In particular, LISCR reported that all vessels of the Russian Sovcomflot were removed from the Liberian International Ship and Corporate Register. From now on, Russia's ability to transport its oil has become even more limited, its isolation from the civilized world is deeper, and its opportunities to receive "petrodollars" are smaller.
Withdraw services to Russia. Lloyd's Register revokes the insurance of ships of the largest Indian carrier of Russian oil. Lloyd's Register has told India's Gatik Ship Management, which has become a major carrier of Russian oil since the Ukraine war, that it will withdraw certification of 21 of its vessels by June 3, 2023.
GC Rieber Shipping Exits Russian Market, takes ice-breaking tug out of country, leaves crew transfer vessel in Russia. 30.06.2023: The legal entity was liquidated.
Contractors representing the Big Four dredging companies (Van Oord, Boskalis, Jan de Nul, DEME), which account for over 98% of dredging works in Russian ports, have withdrawn from Russia’s Arctic infrastructure projects. 04.2024: Legal entity LLC "DRAGMORSTROY" was liquidated on April 8, 2024. 09.10.2024: The legal entity Mordraga LLC was liquidated.
08.07.2022: Tsurikov Igor Vitalyevich becomes the new founder of the organization. Deleted record about the founder of FURUNO DANMARK A/S
Received revenues in Russia in 2021. As a consequence of Russia’s invasion of Ukraine KONGSBERG has closed down its operations (suspended as legal entity is still active) in Russia and complies with the prevailing sanctions,” says the CEO Håøy. 21.10.2024: The legal entity KONGSBERG MARITIME RUS LLC was liquidated.
Received revenues in Russia in 2021-2023, there is no any official announcement. 16.01.2025: LLC "MORSKOY SERVIS" becomes the new founder of the organization LLC "LAMNALCO". The records about the founders LLC "SMIT LAMNALCO LIMITED" and LLC "SMIT LAMNALCO ONSHORE SERVICES LIMITED" have been removed from the Unified State Register of Legal Entities.
Have ceased operating in Russia. 12.2023: The legal entity was liquidated.