The line and its parent company, DIV Group, are currently taking financial advice after its major lender, VTB bank in Germany, was sanctioned as its headquarters are based in Russia.
As an interim measure, Tradewind Voyages has placed a pause on its voyage sales. The line said cancellations are expected and customers will be contacted with updated information. Deposits remain secure as they are placed in a trust fund.
A spokesperson said: "It’s a very unfortunate situation we are in, where our owning group’s major lender has been impacted by sanctions.
