SH Vega sailing from the Helsinki shipyard was delayed due to sanctions

The release of the ship SH Vega from the shipyard in Helsinki was postponed due to economic sanctions against Russia, the Finnish newspaper Helsingin sanomat reported on Friday.
Helsinki Shipyard announced on July 11 that the ship was named after a ceremony attended by 100 guests, after which the ship was to sail to Copenhagen.
“The SH Vega was detained by law enforcement a week before leaving (from Helsinki) due to EU economic sanctions against Russia,” the publication reports, specifying that the ship left Finland on Tuesday.
Simo Rastas, CEO of Helsinki Shipyard Oy, said the delay was due to delays in registering the ship.
SH Vega is an ice-class luxury cruise ship.
This is one of three vessels that the Russian state leasing company GTLK has ordered from the Helsinki Shipyard, the publication reports.
“The ship is backed by Finnish money: Finnvera, a state-owned special financial institution, provided a loan to the Russian STLC for the purchase of the ship. Finnvera provided a loan of 214 million euros for the purchase of SH Vega and another vessel.
While STLC is on the list of sanctions, it is possible that it will not be able to repay any loans to Finnvera, the publication clarifies.
Swan Hellenic, which bought the ship, was originally an old British cruise line.
“The new Cypriot owners revived the company in 2020. At that time, the majority of the company’s shares were owned by the Russian company Vodokhod, which specializes in river cruises.
In May, Swan Hellenic CEO Andrea Zito announced that Swan Hellenic no longer had Russian owners.