Azerbaijan Caspian Shipping Company has lodged an appeal against international sanctions imposed on five of its vessels over allegations they transported Russian crude oil.
The sanctions were applied during 2025 by the European Union, the United Kingdom and Canada, according to information obtained by APA-Economics.
Two of the vessels are owned directly by Azerbaijan Caspian Shipping Company CJSC, while three are jointly owned through its joint venture, SA Maritime AFZECO. All five were added to the sanctions lists of the three jurisdictions.
The company said its management had launched a legal review and prepared an appeal to show that neither the company nor its joint venture breached sanctions requirements.
The outcome and timeframe of the appeals process remain unclear.
The sanctions could affect the future operations and financial position of both the company and its joint venture.
Azerbaijan Caspian Shipping Company said it was closely monitoring developments and would take appropriate measures as the process continues.
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