Russia’s Fesco Transportation Group said it has begun steps to pull two ships from leases with a state-controlled financier that the US has slapped with sanctions.
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TradeWinds reporters across the globe are covering the shipping implications on the Russia-Ukraine crisis.
The move comes after the administration of US President Joe Biden blacklisted two Fesco-operated vessels because they are owned by OOO PSB Lizing, a lease financier better known in English as PSB Leasing.
