Tanker

Sovcomflot faces political storm after weak 2021

Sovcomflot approaches uncertain times after the EU countries Tuesday banned all trade with the carrier as part of its latest Russia-targeted sanctions package. The sanctions strike Sovcomflot after a weak 2021 that led to a significant decline in profit and operating result.
With its latest sanctions, the EU has put all trading with Sovcomflot on hold. | Photo: PR-FOTO
With its latest sanctions, the EU has put all trading with Sovcomflot on hold. | Photo: PR-FOTO
by JENS THOMSEN

Russian tanker operator Sovcomflot got through 2021 with a minor profit, but with new EU sanctions targeting the carrier directly, 2022 is likely to be a dark year for the company.

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