Cyprus transshipment operator Pola Logistics has won an order from the High Court of Ireland that saves its small fleet from the threat of US sanctions against Russian entities.

The ruling also saves three other separate, similarly threatened fleets of Russian-financed ships controlled by two other companies.

The ruling, which has taken effect, came in the form of an order of “specific performance”, compelling Russia’s State Transport Leasing Co (GTLK) to honour the purchase options in a series of bareboat charter leasing contracts.