business π’ US sells seized Russian tanker fleet for scrap
The US government has sold two seized shadow fleet tankers, Era and Lileo, to the recycler GMS. These vessels are now being sent to Alang for demolition following the sale. This action concludes a complex sanctions case involving Venezuelan oil exports and Russian ownership structures. The disposal highlighted the difficulties banks faced with sanctioned vessels even post-seizure. The sale was finalized on August 10, 2026.