Russian Billionaires Are Moving Their Luxury Superyachts to Avoid Having Them Seized

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At least four vessels are currently sailing toward the Maldives and Montenegro.

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 Biden administration, for instance, recently announced a new task force specifically to target Russian oligarchs and their assets.

“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,” a tweet from the White House reads.

France is also putting together a list of assets owned by Russian magnates that could be seized under sanctions by the European Union.In response, billionaires like Vagit Alekperov, who is president of Russian energy corporation Lukoil, have started relocating their high-priced ships to keep them safe. According to Marine Traffic, Alekperov’s lavish 230-foot Heesen

 

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