Tradewind Voyages, the UK based operator of a tall ship called Golden Horizon has decided to suspend sales as sanctions against Russian entities have impacted its lender in Germany, media reports say.

“The tall ship operator and its owning group DIV Group are taking financial advice as they have been impacted by sanctions placed on German-based bank VTB. While the company has been dealing with VTB bank, Germany, its headquarters are based in Russia,” Travel Weekly reports.

DIV group is based in Croatia and it owns the Brodosplit shipyard that built the vessel that was left in its hands after Star Clippers that had ordered did not take delivery of the vessel. Tradewind Voyages are the ship’s operator, while DIV group remains the owner.

The ship's exterior was designed to resemble France II, a five masted tall ship that was built before the First World War.