Sovcomflot divests from sanctioned tanker fleet

Russian tanker operator Sovcomflot, which has been subject to sanctions following Russia’s invasion of Ukraine, makes a significant divestment from its tanker fleet. One of the buyers is Eastern Pacific Shipping.

Photo: Anton Vaganov/Reuters/Ritzau Scanpix/REUTERS / X06532

The Russian tanker carrier Sovcomflot, which for two months has been targeted by sanctions due to Russia’s warfare in Ukraine, has begun divesting from its fleet of tankers.

According to an overview by analyst firm VesselsValue, the Russian carrier, which is publicly listed on the stock exchange in Moscow, has sold 10 tankers since the carrier was met with sanctions on March 15.

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