The United States imposed sanctions on 7 Russian shipping companies and dozens of vessels, following the ongoing invasion of Ukraine.
ccording to Antony Blinken, the U.S. Treasury and the Department of State have sanctioned the Russian Ministry of Defense’s internal shipping company and 6 other shipping firms that move its military equipment. Additionally, it has listed 69 of their ships as blocked property.
The companies include:
Oboronlogistika, the Russian Ministry of Defense’s own shipping company; SC South LLC, one of its shipping subsidiaries; Northern Shipping Company, which participates in Russian exercises and moves Russian military equipment; and Transmorflot, M Leasing LLC, Marine Trans Shipping LLC and Nord Project LLC Transport Company, which have all allegedly moved Russian weapons. Northern Shipping Company and Transmorflot have the greatest exposure, with 27 and 16 vessels sanctioned respectively.
As informed, the U.S. has already imposed sanctions on
- the Russian Maritime Register of Shipping;
- Sovcomflot, the largest shipping company in Russia; and
- United Shipbuilding Corporation, the country’s largest and most sophisticated shipbuilder.
In addition, the Joint Stock Company Channel One Russia, Television Station Russia-1 and Joint Stock Company NTV Broadcasting Company have been blacklisted and therefore cannot earn foreign revenue for the Russian state. What is more, top executives from a broad range of Russian corporations, including the entire board of Sberbank, Russia’s largest bank, have been individually named on the sanctions list.
A few days ago, Maersk announced that it has stopped all vessel operations in Russia and service with Belarus, while at the same time it is “winding down” its domestic operations in both countries.