Gothic Shipping Co. Gets U.S. Sanctions for Russian Aid
Published Date: 2/21/2025
Notice
Summary
The U.S. government just blocked the property and assets of GOTIK SHIPPING CO for helping a Russian company involved in harmful activities. This means Americans can’t do business with them anymore, and their assets under U.S. control are frozen. These actions started on September 5, 2024, signaling serious financial consequences for those involved.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
U.S. persons banned from dealing with listed shippers
On September 5, 2024, the Department of State designated GOTIK SHIPPING CO and PLIO ENERGY CARGO SHIPPING OPC PRIVATE LIMITED under Executive Order 14024. The notice says all property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.
Two vessels tied to designated companies identified
The notice identifies the vessels NEW ENERGY (IMO 9324277) and MULAN (IMO 9864837) as property in which the designated companies have an interest. The same notice states that property and interests in property subject to U.S. jurisdiction of designated persons are blocked.
Notice flags 'secondary sanctions risk' under EO 14024
The notice marks GOTIK SHIPPING CO and PLIO ENERGY CARGO SHIPPING OPC PRIVATE LIMITED with "Secondary sanctions risk: See Section 11 of Executive Order 14024." This signals an additional sanctions-related risk referenced directly in the notice.
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Previous / Next Documents
Previous: 2025-02903, Notice of Department of State Sanctions Actions Pursuant to the Executive Order Regarding Blocking Property With Respect to Specified Harmful Foreign Activities of the Government of the Russian Federation
The U.S. Department of State has officially blocked the property and money of certain people linked to harmful actions by the Russian government. These folks are now on a special blacklist, meaning Americans can’t do business with them. This update took effect on May 1, 2024, and aims to stop bad behavior by freezing assets under U.S. control.
Next: 2025-02905, Notice of Department of State Sanctions Actions Pursuant to the Executive Order Regarding Blocking Property With Respect to Specified Harmful Foreign Activities of the Government of the Russian Federation
The U.S. Department of State has officially blocked the property and financial interests of certain people linked to harmful actions by the Russian government. These individuals are now on a special sanctions list, meaning Americans can’t do business with them. This update took effect on June 12, 2024, and aims to stop bad behavior by freezing assets under U.S. control.