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Sanctions Damaging Safety at Sea: Sovcomflot

FREIGHT

Sanctions on shipping companies are undermining safety at sea and pose dangers for trade as ship standards are impacted, Sovcomflot’s CEO Igor Tonkovidov said, cited by Reuters.

  • "Sovcomflot is genuinely disappointed that high-quality safe maritime transportation is sacrificed for short-term geopolitical motivations, which certainly does not contribute to improving the safety of maritime transportation, especially in European waters," Tonkovidov said
  • The EU imposed sanctions on Russia’s state-owned Sovcomflot, according to measures published by the body June 24.
  • In April, Tonkovidov said that sanctions had impacted the company's operations, "limiting our geography and commercial prospects".
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