Suite 10, 3rd Floor, La Ciotat, Mont Fleuri, Mahe Island, Seychelles

IMO 6507506, Identification Number

Frina Express Corporation (Frina) is the registered owner of the Sierra Leone-flagged crude oil tanker Olivia (IMO 9233741), which has made a port call in a Russian port where oil has consistently traded well above the $60 price cap. The Olivia is considered to be part of the shadow fleet. Frina is being designated pursuant to E.O. 14024 for operating or having operated in the energy sector of the Russian Federation economy and pursuant to E.O. 13662 for operating in the energy sector of the Russian Federation economy. The Olivia is being identified pursuant to E.O. 14024 and E.O. 13662 as property in which Frina has an interest.

https://home.treasury.gov/news/press-releases/jy2777

2025-01-10

US

Executive Order 13662 of March 20, 2014 Blocking Property of Additional Persons Contributing to the Situation in Ukraine

OFAC country specific

Russia

Trade sanctions

• https://ofac.treasury.gov/faqs/topic/1576

E.O. 13662. On March 20, 2014, the President, invoking the authority of, inter alia, IEEPA, issued E.O. 13662. In E.O. 13662, the President expanded the scope of the national emergency declared in E.O. 13660 and expanded by E.O. 13661, finding that the actions and policies of the Government of the Russian Federation, including its purported annexation of Crimea and its use of force in Ukraine, continue to undermine democratic processes and institutions in Ukraine; threaten its peace, security, stability, sovereignty, and territorial integrity; and contribute to the misappropriation of its assets, and thereby constitute an unusual and extraordinary threat to the national security and foreign policy of the United States. Section 1(a) of E.O. 13662 blocks, with certain exceptions, all property and interests in property that are in the United States, that come within the United States, or that are or come within the possession or control of any United States person, of any person determined by the Secretary of the Treasury, in consultation with the Secretary of State to, among other things, operate in such sectors of the Russian Federation economy as may be determined by the Secretary of the Treasury, in consultation with the Secretary of State, such as financial services, energy, metals and mining, engineering, and defense and related materiel.

SSI / SDN