Fesco-Magadan

The USA have removed sanctions on the Russian-flagged 'Fesco Moneron', 'Fesco Magadan' and 'Sv Nikolay', the Treasury Department said on March 31, 2026, in a move officials described as routine and not indicative of a broader change in Russia policy. The ships were taken off the U.S. Treasury’s Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) list following what officials said was a standard review process. The OFAC regularly updates its sanctions lists, and the removals were conducted “in the ordinary course of business” after a “thorough review.” The delisting allowed the vessels to access ports, insurance, and maritime services previously restricted under U.S. sanctions, though Washington emphasized that its overall sanctions regime against Russia remains in force. The vessels had originally been sanctioned in 2022 as part of sweeping measures targeting Russia’s financial and logistics networks following its invasion of Ukraine. The container ships 'Fesco Moneron' and 'Fesco Magadan' were linked to Russia’s Far East shipping group FESCO and were designated due to ties to Promsvyazbank, a state-owned lender targeted by U.S. sanctions. The cargo m/v 'Sv Nikolay' was sanctioned separately in connection with measures against the Alfa-Bank, one of Russia’s largest private lenders. Ukrainian officials have also alleged the vessel was involved in transporting grain taken from Russian-occupied territories. Such decisions can follow petitions from sanctioned parties, internal reviews, or shifting national security considerations. The ultimate goal of sanctions is not to punish but to change behaviour and to promote accountability. Separately, the move came amid broader technical adjustments to sanctions enforcement, including temporary authorisations allowing certain Russian oil cargoes loaded before mid-March to be delivered and unloaded, easing pressure on global energy markets.

FESCO Transportation Group says it set up a new vessel to operate on a regular service FESCO Magadan Line (FML), connecting the port of Magadan and the ports of Vladivostok and Vostochny. The containership FESCO Magadan moved to operations on the line at the beginning of September. The containership departed from Vladivostok on September 4 and arrived at the port of Magadan on September 9. The vessel delivered over 6,500 tons of various cargoes, such as food products, industrial goods, machinery and equipment. The containership meeting ceremony took place at Magadan Commercial Sea Port on September 10. The First Deputy Prime Minister of the Magadan region Yurii Bodiaev, Mayor of Magadan city Yurii Grishan, Director of FESCO branch in Vladivostok Igor Sharkov and Director of FIT branch in Vladivostok Vadim Vetolskii attended the ceremony. FESCO Magadan joined FESCO fleet in July 2019. The vessel full capacity is 822 TEU, Arc4 ice class complies with the standards needed to operate in the northern part of the Sea of Okhotsk during winter season.

5 - 6 months charter, trading Continent - Spain, Sea Consortium