The UK-based operator of the tall ship Golden Horizon, Tradewind Voyages, has decided to suspend sales as sanctions against Russian entities had impacted its lender in Germany.
The ship operator and its owning DIV Group are taking financial advice after they had been impacted by sanctions placed on Germany-based VTB Bank.
While the company has been dealing with VTB, the Group's headquarters are in Russia.
DIV group is Croatia-based and owns the Brodosplit shipyard that constructed the vessel which was left in its hands after the company that had ordered it, Star Clippers, didn't take delivery of the ship. Tradewind Voyages is the ship’s operator, DIV group remains the owner.
The exterior of the ship was designed to resemble France II, a 5-masted tall ship that was built before the WWI.