Russia Uses Mysterious Dubai Company To Expand Shadow LNG Fleet & Evade Western Sanctions
Russia is trying to evade Western sanctions on its LNG Tanker Fleet by transferring ownership of its three LNG tankers, earlier managed by Russian companies Gazprom and Sovcomflot, to a new company in Dubai’s free trade zone.
Some aspects of the management of tankers named Velikiy Novgorod, Pskov, and La Perouse were transferred to Matias Ship Management, a newly opened company in Dubai, per Bloomberg, which cited global shipping database Equasis.
The company’s address is at Meydan Hotel, Dubai, a free trade zone where companies suspected of having links with Russian shadow fleets comprising oil and LNG tankers are based, per Bloomberg.
The 3 LNG Tankers have been serving the Portovaya LNG export plant on Russia’s Baltic Sea, however, Portovaya LNG is not subjected to any sanctions or restrictions, though two tankers, Velikiy Novgorod and La Perouse, are under UK sanctions.
Velikiy Novgorod came under sanctions as the United Kingdom imposed the biggest round of sanctions to date against Russia’s shadow fleet, as it designated 18 oil tankers, and 4 LNG tankers to cut revenue for Moscow.
Russia has begun to amass a dark fleet of tankers for shipping its LNG in vessel ownership transfers like it started to form a shadow fleet after invading Ukraine, for exporting oil and other products amid sanctions.
A few tankers have left the sanctioned Arctic LNG-2 Terminal in northern Russia, showing Moscow’s continued efforts to evade sanctions.
A few months back, the U.S State Department made relentless efforts to prevent Russia’s Arctic LNG 2 exports after it targeted companies related to the project’s development and ships that loaded LNG from the facility.
Reference: Oil Price
Disclaimer :
The information on this website is for general purposes only. While efforts are made to ensure accuracy, we make no warranties of any kind regarding completeness, reliability, or suitability. Any reliance you place on such information is at your own risk. We are not liable for any loss or damage arising from the use of this website.
Related Posts
Disclaimer :
The information on this website is for general purposes only. While efforts are made to ensure accuracy, we make no warranties of any kind regarding completeness, reliability, or suitability. Any reliance you place on such information is at your own risk. We are not liable for any loss or damage arising from the use of this website.
Related Articles
Latest News
⚓️ Enhance Your Knowledge. Prevent Accidents. Stay Safe at Sea.
1. eBooks for Engine Department
Master machinery operations, troubleshooting, and safety procedures with expertly written guides tailored for marine engineers. Prevent costly breakdowns and onboard accidents through practical knowledge.
👉 Explore Engine Department eBooks
2. eBooks for Deck Department
Sharpen your seamanship, navigation, and cargo-handling skills with real-world case studies and practical insights designed for deck officers and cadets.
👉Discover Deck Department eBooks
3. eBooks on Electrical Fundamentals & Issues
Understand marine electrical systems, identify potential faults, and prevent onboard electrical failures with step-by-step explanations from industry experts.
4. Pocket Guides for Quick Reference
Compact, handy, and loaded with essential checklists—perfect for on-the-go reference during operations and emergencies at sea.
5. Combo Packs to Save Big
Access multiple expert eBooks at discounted prices. Ideal for professionals seeking complete safety and operational knowledge across various ship departments.
6. Digital Maritime Courses – Learn at Your Own Pace
Upgrade your competence with Marine Insight Academy’s online courses. Learn from industry professionals anytime, anywhere, and become a safer, smarter seafarer.
Subscribe To Our Daily Newsletter
By subscribing, you agree to our Privacy Policy and may receive occasional deal communications; you can unsubscribe anytime.
BE THE FIRST TO COMMENT