Big news about a Russian shipping company! Sovcomflot, a huge tanker company, is having trouble because of sanctions. Sanctions are like punishments from other countries.
These sanctions are because of Russia's war in Ukraine. The sanctions make it hard for Sovcomflot to do business and make money.
This affects how Russia sells oil to other countries.
- Sanctions hurt Sovcomflot's profits.
- Their profits went down by a lot!
- Some of their ships can't work because of the sanctions.
| Fact | Number |
|---|---|
| Profit decrease | 55% |
| 2024 Profit | $424 million |
| Revenue decrease | 19.3% |
