billionaires

Russia billionaires move superyachts to Maldives as sanctions tighten, data shows

Reuters
Russia billionaires move superyachts to Maldives as sanctions tighten, data shows

BILLIONAIRE. Russian tycoon Oleg Deripaska attends a session of the Saint Petersburg International Economic Forum in Saint Petersburg, Russia, June 3, 2021.

Evgenia Novozhenina/Reuters

The Clio superyacht of Oleg Deripaska, the founder of aluminum giant Rusal, is among the vessels seen in Maldives waters

NEW DELHI, India – At least five superyachts owned by Russian billionaires were anchored or cruising on Wednesday, March 2, 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 invasion of Ukraine.

The Clio superyacht, owned by Oleg Deripaska, the founder of aluminum 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 Monday, February 28.

Three further yachts owned by Russian billionaires were seen cruising in Maldives waters on Wednesday, the data showed. They include the 88-meter (288 feet) Nirvana owned by Russia’s richest man, Vladimir Potanin. Most vessels were last seen anchored in Middle Eastern ports earlier in the year.

A spokesperson for Maldives’ government did not respond to a request for comment.

The United States has said it will take strict action to seize property of sanctioned Russians.

“This coming week, we will launch a multilateral Transatlantic task force to identify, hunt down, and freeze the assets of sanctioned Russian companies and oligarchs – their yachts, their mansions, and any other ill-gotten gains that we can find and freeze under the law,” the White House said in a tweet on Sunday, February 27.

Washington imposed sanctions on Deripaska and other influential Russians in 2018 because of their ties to President Vladimir Putin after alleged Russian interference in the 2016 US election, which Moscow denies. – Rappler.com