Western Sanctions Take Big Bite Out of Sovcomflot’s Results

Western Sanctions Take Big Bite Out of Sovcomflot’s Results

Russia’s tanker operator PAO Sovcomflot is citing the impact of the Western sanctions on the company’s results. It reported a significant drop in rev...

Russia's Largest Shipping Firm Reports $393M Loss in Q1 as West Targets 'Shadow Fleet'

Russia’s largest shipping company Sovcomflot posted a loss of $393 million in Q1 of 2025, a dramatic reversal from the $216 million profit it reported during the same period last year.

The Co-Footfleet is responsible for the movement of oil and gas.

The most important quality of a spy? Always staying under the radar. Although that is easier said than done for the ‘Dupuy de Lôme’: France’s largest surveillance ship was spotted in Helsinki, a day before it started its NATO mission.

The Russian tanker group Sovcomflot has almost halved, and a part of the ships has been idle because of new restrictions.

Sovcomflot Plunges to $393m Loss in Q1 Amidst Sanctions

Russia's leading tanker group Sovcomflot plunged to a net loss of $393 million in the first quarter, blaming the slump on new Western sanctions that have led to operational problems…