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Sayenko Kharenko Advises Shipping Company on Succesful Challenge of Special Sanctions in Ukraine

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Sayenko Kharenko has represented shipping company V.F. Tanker in its successful challenge to special sanctions requiring the temporary suspension of its foreign economic activity in Ukraine applied by the Ministry of Economic Development and Trade of Ukraine upon the request of the Security Service of Ukraine. As a result of the firm’s work demonstrating there had been no violation by V.F. Tanker the special sanctions were cancelled by the Ministry.

Established in 2000, V.F. Tanker specializes in liquid bulk cargo transportation by inland and international waterways. The company forms part of the VBTH shipping division of the UCL Holding international transportation group, which consists of a variety of Russian shipping, railway, stevedore, and logistic companies. The holding also includes Volga Shipping Company and North-Western Shipping Company, stevedores operating in the ports of Saint Petersburg, Ust-Luga, Tuapse, and Taganrog, and various shipbuilding and cruise assets. The company has 92 self-propelled, non-self-propelled and technical vessels in commercial service, and its transportation geography covers the inland waterways of the European part of Russia and the basins of the Black, Azov, Caspian, Mediterranean, Baltic, and North seas.

Sayenko Kharenko’s work included drafting different requests and other documents and conducting negotiations with the Ministry of Economic Development and Trade of Ukraine. The firm's team was led by Partner Tatyana Slipachuk and included Counsel Anzhela Makhinova and Associate Ivan Baranenko.