What Crew Members Say About Fesco-Magadan

**Title: U.S. Lifts Sanctions on Russian Ships Amid Regulatory Review** **Content:** In a noteworthy development, the U.S. Treasury Department announced on March 31, 2026, the removal of sanctions on three Russian-flagged vessels: the 'Fesco Moneron', 'Fesco Magadan', and 'Sv Nikolay'. Officials characterized this action as a routine procedure, asserting that it does not signify any shift in the United States' overarching policy towards Russia. The removal of these vessels from the Specially Designated Nationals (SDN) list maintained by the U.S. Treasury's Office of Foreign Assets Control (OFAC) resulted from a standard review process. The OFAC routinely updates its sanctions lists, and these recent changes were described as “in the ordinary course of business” after a comprehensive evaluation. As a result of being delisted, the 'Fesco Moneron', 'Fesco Magadan', and 'Sv Nikolay' will now regain access to essential maritime services, port facilities, and insurance previously denied under U.S. sanctions. However, it is important to note that the U.S. continues to maintain its comprehensive sanctions regime against Russia. Originally sanctioned in 2022, these vessels were part of a broader effort to disrupt Russia’s financial and logistical operations following its invasion of Ukraine. The container ships 'Fesco Moneron' and 'Fesco Magadan' were affiliated with the Far East shipping conglomerate FESCO and were linked to Promsvyazbank, a state-owned financial institution also under U.S. sanctions. Meanwhile, the cargo ship 'Sv Nikolay' faced sanctions due to its connections with Alfa-Bank, recognized as one of Russia's largest private banks. Ukrainian officials have raised concerns regarding the 'Sv Nikolay', claiming it was involved in transporting grain from territories occupied by Russia. Decisions to lift sanctions like these can stem from requests by the affected entities, internal evaluations, or evolving national security priorities. The ultimate intention of such sanctions is to incentivize behavioral change and enhance accountability. This action also coincides with broader updates to the enforcement of sanctions, including temporary authorizations that permit the delivery and unloading of certain Russian oil cargoes loaded before mid-March, providing a degree of relief to 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