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| Property | Value | Lang | Source dataset | Source ID | First seen | ||
|---|---|---|---|---|---|---|---|
Vessel:description | The vessel is involved in the transportation of russian crude oil during the period of the G7 and EU oil embargo on russian oil and the price cap policy at $60 per barrel of russian oil. The tanker was involved in the sale of russian crude oil at a price of more than $80 after the price-cap policy came into effect. | ua_war_sanctions | ua-ws-063fe6326fc34634f6b804b9e5c67df7a1a74c50 | ||||
Vessel:description | In February 2024, USA imposed sanctions on the NS Leader for violating the price-cap policy. | ua_war_sanctions | ua-ws-063fe6326fc34634f6b804b9e5c67df7a1a74c50 | ||||
Vessel:description | The owner of the tanker is NS Leader shipping Incorporated, and the tanker is managed by Invest Fleet LLC, a russian company affiliated with the sanctioned Sovcomflot, the largest state-owned shipping company in russia, a key company for servicing and supporting offshore hydrocarbon production, transportation of russian oil, oil products, and liquefied natural gas amid sanctions restrictions on russia following its full-scale invasion of Ukraine. The services provided by Sovcomflot are a significant source of income for the russian federation, as more than 70% of russia's revenues come from the sale of energy, which allows it to finance its war against Ukraine. The main charterers of Sovcomflot vessels are the largest oil and gas companies and traders in russia. "Sovcomflot is involved in servicing major oil and gas projects in russia: "Sakhalin-1, Sakhalin-2, Varandey, Prirazlomnoye, Novy Port, Yamal LNG, and others. Prior to russia's full-scale invasion of Ukraine, the company's fleet consisted of about 145 vessels. After the sanctions were imposed, Sovcomflot transferred dozens of vessels to the ownership of companies it had set up, including in foreign jurisdictions, in order to circumvent them, and began the practice of constantly "juggling" (transferring) vessels to affiliated companies. According to experts, the tankers transferred by Sovcomflot to related companies are part of the so-called "shadow tanker fleet" of the russian federation to continue selling russian oil, oil products and liquefied natural gas under Western sanctions. | ua_war_sanctions | ua-ws-063fe6326fc34634f6b804b9e5c67df7a1a74c50 | ||||