Russia billionaires transfer superyachts to Maldives as sanctions tighten

At least 5 superyachts owned by Russian billionaires have been anchored or cruising on Wednesday in Maldives, an Indian Ocean island nation that doesn’t have an extradition treaty with the USA, ship monitoring knowledge confirmed.

The vessels’ arrival within the archipelago off the coast of Sri Lanka follows the imposition of extreme Western sanctions on Russia in reprisal for its Feb. 24 invasion of Ukraine.

Late on Wednesday Forbes reported that Germany had seized Russian billionaire Alisher Usmanov’s mega yacht in a Hamburg shipyard.

Usmanov was on an inventory of billionaires to face sanctions from the European Union on Monday. A Forbes report based mostly on three sources within the yacht trade stated his 512-foot yacht Dilbar, valued at $600 million, was seized by German authorities.

German authorities didn’t instantly reply to Reuters inquiries. Forbes stated representatives for Usmanov didn’t instantly reply to a request for remark.

Earlier, the Clio superyacht, owned by Oleg Deripaska, the founding father of aluminium large Rusal, who was sanctioned by the USA in 2018, was anchored off the capital Male on Wednesday, in response to transport database MarineTraffic.

The Titan, owned by Alexander Abramov, a co-founder of metal producer Evraz, arrived on Feb. 28.

Three additional yachts owned by Russian billionaires have been seen cruising in Maldives waters on Wednesday, the info confirmed. They embody the 88-metre (288 ft) Nirvana owned by Russia’s richest man, Vladimir Potanin. Most vessels have been final seen anchored in Center Japanese ports earlier within the yr.

A spokesperson for Maldives’ authorities didn’t reply to a request for remark.

The US has stated it would take strict motion to grab property of sanctioned Russians.

“This coming week, we’ll launch a multilateral Transatlantic process drive to determine, search out, and freeze the property of sanctioned Russian firms and oligarchs – their yachts, their mansions, and another ill-gotten good points that we will discover and freeze beneath the regulation,” the White Home stated in a tweet on Sunday.

Washington imposed sanctions on Deripaska and different influential Russians in 2018 due to their ties to President Vladimir Putin after alleged Russian interference within the 2016 U.S. election, which Moscow denies.

(Reuters)