Ch-Billion

A new sanctions package of the US government on Feb 6, 2025, targeted the 'CH Billion', which took on more than 700,000 barrels of Iranian crude from a Tehran-owned tanker in waters off Singapore in 2024. The vessel was also used to ferry oil from Russia’s Pacific port of Kozmino. The fleet involved in that trade was heavily sanctioned last month, and two other tankers, the 'Gioiosa' and the 'Star Forest'. Separately, the Comoros-flagged tanker 'Siri' was also singled out. The already-sanctioned vessel has been operating under a disguise after its Iranian owner falsified documents and physically hid its name to conceal its identity and pass it off as a different tanker called 'New Prime'. The sanctions also targeted several entities and individuals across different countries that were involved in the trade, which was on behalf of Tehran’s Armed Forces General Staff and its sanctioned front company, Sepehr Energy Jahan Nama Pars.