A day after coal and fertilizer billionaire Andrey Melnichenko was placed on the European Union's sanctions list on March 9, his superyacht Motor Yacht A stopped broadcasting its location while in Maldives' waters, maritime data shows. In Italy, four days later, authorities seized another of Melnichenko's vessels – the world's largest sailing yacht, estimated by Italian financial police to be worth $578 million. Switching off devices that allow authorities to track a ship's whereabouts can help keep yachts out of their sight. FILE PHOTO: Super yacht 'Motor Yacht A', owned by Russian tycoon Andrey Melnichenko, is seen in front of the Monaco harbour. REUTERS/Stefano Rellandini But in Maldives, the chances of action against the property of sanctioned oligarchs are in any case sli...
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533 feet long Eclipse is one of the world’s biggest yachts A second superyacht linked to Russian billionaire Roman Abramovich docked in a Turkish resort on Tuesday and sources familiar with the discussions said he and other wealthy Russians were looking to invest in Turkey given sanctions elsewhere. Western governments have targeted Abramovich and several other Russian oligarchs with sanctions as they seek to isolate President Vladimir Putin and his allies over Moscow's invasion of Ukraine. Eclipse, a superyacht linked to sanctioned Russian oligarch Roman Abramovich, is docked in Marmaris, Turkey March 22, 2022. REUTERS/Yoruk Isik While strongly criticising the invasion, Turkey has said it opposes sanctions imposed by its NATO allies on principle. That could set it up as...
Read MoreWhen planeloads of Russian tourists left Cuba this week, their vacations interrupted by war in Ukraine, it marked a sad day in the resort town of Varadero, a visible sign the conflict will rattle the island nation's fragile economy. Varadero, a finger of white sand extending out into the blue Caribbean sea, has long been a magnet for Russians fleeing the northern winter. In 2021, with much of the world hunkered down amid the coronavirus pandemic, visitors from Russia soared to 40% of total arrivals in Cuba, according to government figures. Tourists sunbathe at the beach in Varadero, Cuba, March 7, 2022. REUTERS/Amanda Perobelli Varadero's beaches, usually teeming with tourists at this time of year, are suddenly quiet, said Yanet Costafreda, who sells trinkets to tourists along...
Read MoreA superyacht linked to Russian oligarch Roman Abramovich left Barcelona on Tuesday where it had been undergoing repairs in a local shipyard, ship-tracking data showed. The 140-metre (460-foot) Solaris, which sails under a Bermuda flag according to monitoring site Marine Traffic, left Spanish company MB92’s Barcelona shipyard just after 5 p.m. (1600 GMT) on Tuesday, according to the same site. MB92 declined to comment. The superyacht, which was built in a German shipyard and first took to the sea early last year, is one of a string of yachts owned by Abramovich, according to reports in luxury goods publications SuperYachtFan, SuperYacht Times and Forbes. Roman Abramovich's super yacht Solaris is seen at Barcelona Port in Barcelona city, Spain, March 3, 2022. REUTERS/ Albert Gea ...
Read MoreWhen Russian tourist Konstantin Ivanov tried to draw money from his home bank account at a cash machine on the Indonesian resort island of Bali, the transaction was blocked. Unprecedented sanctions against Russia's banks over its invasion of Ukraine are taking a toll on its citizens overseas, who have been left scrambling to find cash or turn to crypto transactions to get by. Visitors are seen inside a cafe frequently visited by the Russians in Badung regency, Bali, Indonesia, March 8, 2022. REUTERS/Sultan Anshori "This has created a huge problem for us. We have been left completely stripped of our finances - its like they have been completely frozen and we cannot use them at all over here,” said Ivanov, 27, adding that he might have to look for a job in Indonesia. The Russian...
Read MoreAt least five superyachts owned by Russian billionaires were anchored or cruising on Wednesday in Maldives, an Indian Ocean island nation that does not have an extradition treaty with the United States, ship tracking data showed. The vessels' arrival in the archipelago off the coast of Sri Lanka follows the imposition of severe Western sanctions on Russia in reprisal for its Feb. 24 invasion of Ukraine. FILE PHOTO: Superyachts anchored in Maldives The Clio superyacht, owned by Oleg Deripaska, the founder of aluminium giant Rusal, who was sanctioned by the United States in 2018, anchored off the capial Male on Wednesday, according to shipping database MarineTraffic. The Titan, owned by Alexander Abramov, a co-founder of steel producer Evraz, arrived on Feb. 28. Three further...
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