Here is a running list of the latest Russian oligarch-owned superyachts that have been seized, after sanctions were levied following the invasion of Ukraine

author icon By
APB Staff
| 18 March 2022

The world’s largest sail-assisted superyacht, Sailing Yacht A was seized in Italy on March 12

At least nine superyachts owned by Russian oligarchs have been seized so far in Europe, after sanctions were levied following the invasion of Ukraine.

Here is a running list of the latest seizures, in descending chronological order:

March 16: Croatian authorities seized the 92m superyacht Royal Romance, which is worth US$200m, at the port of Rijeka. The vessel is reported to belong to pro-Kremlin Ukrainian billionaire Viktor Medvedchuk, who fled house arrest in Ukraine when the war began.

March 16: Spanish authorities impounded the 135-metre megayacht Crescent, which had been docked in a port in Tarragona in the northeastern Catalonia region. While Spain’s transport ministry said further actions are pending an inspection to establish its exact ownership, Crescent is widely reported to be linked to Igor Sechin, the former deputy prime minister of Russia and chief executive of Russian oil giant Rosneft. This is the second Sechin yacht that has been seized, after French authorities impounded 86-metre Amore Vero on March 3.

March 15: Spanish authorities detained the 48-metre superyacht Lady Anastasia in Mallorca. The vessel is understood to be owned by oligarch Alexander Mikheyev who is the head of Russia’s defence import agency. Earlier in the month, a Ukranian crew member had attempted to sink the vessel in an act of protest, claiming that Mikheyev had sold weapons that were used to attack Ukraine.

March 14: Valerie, a US$140 million superyacht reportedly linked to Sergei Chemezov, the CEO of Rostec, is detained by Spanish authorities in Barcelona. The country says it is confirming its ownership and keeping the yacht in detention in the meantime. Chemezov is also understood to be a former KGB colleague of Vladimir Putin.

March 12: The world’s largest sail-assisted superyacht, Sailing Yacht A was seized in the Port of Trieste, Italy, by police. The 143m yacht designed by Philippe Starck is worth around US$580m and is owned by Russian oligarch Andrey Melnichenko.

March 7: The 96-strong crew of US$600m superyacht Dilbar, owned by oligarch Alisher Usmanov, were dismissed after sanctions made it impossible to pay their wages. At 156metres and 15,917 tons, Dilbar is said to be the largest yacht in the world by gross tonnage. The yacht is currently sitting in dry dock in a shipyard in Hamburg, Germany. A small small crew employed by German shipbuilder Lürssen will look after the “safety and security” of the ship.

March 5: Lena, a 40m superyacht built by Sanlorenzo, was seized by Italian police in Portosole Sanremo. The yacht has been connected to Gennady Timchenko,  a shareholder of Bank Rossiya and founder of investment firm Volga Group.

March 4: The 65-metre Palmer Johnson superyacht Lady M was seized in the port of Imperia in northern Italy. Alexey Mordashov, who is the richest man in Russia and the chairman of Severstal is reportedly the owner.

March 3: French authorities seized 86-metre Oceanco superyacht Amore Vero in the port of La Ciotat. This yacht is linked to Igor Sechin, who is also understood to be the owner of Crescent, a superyacht later sanctioned on March 16.

Meanwhile, one of several yachts that are believed to be owned by Vladimir Putin — Graceful — arrived in Kaliningrad, Russia, shortly before the Ukrainian invasion began. The ship reportedly departed from Hamburg, where it had been undergoing repairs, in a hurry.

READ: EU bans all yacht exports to Russia, European yards react

Earlier this month,Asia-Pacific Boating reported that many Russian-owned superyachts are fleeing to ‘safe havens’, including the Maldives. Marine tracking data shows numerous Russian-owned superyachts that are anchored or cruising in the Maldives. The island nation does not currently have an extradition treaty with the United States.

Other island nations in the Asia Pacific with no US extradition treaties include Indonesia, East Timor, Vanuatu and Samoa. Vietnam and China also do not have extradition treaties with the US. Mauritius and Seychelles both have extradition treaties with the United States.

All Caribbean nations have extradition treaties with the US, while most of the Gulf States, including the UAE, do not.

Source: Asia-Pacific Boating

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