Russian owner SASCO lands on US sanctions list over Ukraine war - Splash247 - Splash 247

Russian owner SASCO lands on US sanctions list over Ukraine war - Splash247
Americas Europe

Russian owner SASCO lands on US sanctions list over Ukraine war

In what has turned out to be a roller-coaster week following Moscow’s decision to pull out of the Black Sea grain initiative, the US has blacklisted another Russia-linked shipping company with the aim of undermining the country’s ability to further its war against Ukraine.

In their latest round of sanctions, the US State Department announced that it has designated Sakhalin Shipping Company (SASCO), along with its subsidiaries and a fleet of 14 vessels, for providing key logistical support to multiple Russian future energy projects.

“SASCO has provided support for future energy projects by delivering construction material and equipment via sea to the Taimyr Peninsula. SASCO is also involved in expanding Russia’s trade routes to new jurisdictions as the Russian Federation looks to backfill economic connections it has lost due to the invasion of Ukraine,” the State Department said.

SASCO-linked companies OOO MPL Vanino Sakhalin and AO Vostok Treid Invest have also been blacklisted. The first is responsible for facilitating the renting and leasing of maritime transport equipment, while the second buys and sells real estate for SASCO.

The blacklisted fleet of mostly general cargo ships, MPPs and feeder boxships includes: Kunashir, Paramushir, Patria, Sakhalin 10, Sakhalin 9, Sakhalin 8, Sasco Aldan, Sasco Angara, Sasco Aniva, Sasco Avacha, Selenga, Shantar, Simushir and Zeya.

Separately, the State Department sanctioned Rosatom’s AEM Propulsion, which produces and supplies elements of propulsion systems for ships, and oilfield services companies Burovaya Kompaniya Eurasia and Siberian Service Company, among a raft of other Russian companies, including senior officials in the energy ministry.