![]() But a lot of the other yachts, yes, have left and have started heading to various different places. ![]() Viktor Vekselberg, who is under sanction in the United States, his yacht is currently in Palma de Mallorca here in Spain. He's not currently under sanction, but he's certainly one of the names that keeps popping up.īut so, you know, those boats are still here. There are three other yachts here, including Solaris, which is Roman Abramovich's boat. His boat, Valerie, is here in the shipyard undergoing repairs. We've seen in France, Italy, and Germany, like you said, but here in Barcelona, for example, there is one yacht owned by a man, Sergey Chemezov, who is under sanction in the United States. One, I actually don't think we're seeing a huge crackdown yet in Europe. I mean, can you talk about the movements this has all prompted? Europe obviously cracking down very hard, but where are some of these billionaires moving their yachts to try and evade the seizure?ĪLEX FINLEY: So, well, two points. But we've also heard of a lot of yachts, for example, moving to places like the Maldives, where there is not necessarily an extradition treaty in place. I think we're all learning the lifestyle of Russian oligarchs, as this crackdown continues. And I've seen her here in the Port of Barcelona, and she's really enormous.ĪKIKO FUJITA: Alex, you know, I have to say, it's been pretty incredible to watch some of these seizures. And Dilbar is probably, we believe, the world's biggest privately owned yacht. And the big one was Alisher Usmanov's Dilbar, which was taken in Germany, Hamburg, Germany. There's been Lena and Lady M were both taken by Italian authorities. You had Igor Sechin's,, which you mentioned the other day was taken in, France. So we've had four over the past few days. And the owners and the crew are not allowed to approach them. These aren't quite seizures because it's not like the boats are being confiscated and will be sold off, but at least for now, those yachts are being held. It might be a little bit harder to move your yacht away from the US authorities than it would a billion dollars in Bitcoin, but what's your view of the situation right now?ĪLEX FINLEY: Well, like you said, we had a few yacht- I call them freezes- over the weekend. This is a fascinating story for obvious reasons. See product pages for more information.And for all of this, we want to welcome in former CIA officer and Yacht Watch columnist Alex Finley. *Next day delivery available on most items. Not all products are regulated by the Financial Conduct Authority and FOS protection will not be extended to unregulated agreements. We may receive a commission if your application is successful, and the amount may vary depending on the product chosen and the amount of credit taken out. Credit provided is subject to age and status, minimum spend applies. Watches of Switzerland Company Limited is authorised and regulated by the Finance Conduct Authority. et Cie, S.C.A., 22-24 Boulevard Royal L-2449, Luxembourg trading as PayPal Credit. Watches of Switzerland Company Limited acts as a broker and not a lender and offers finance from Secured Trust Bank PLC trading as V12 Retail Finance and PayPal (Europe) S.à r.l. Registered Office: Aurum House, 2 Elland Road, Braunstone, Leicester, LE3 1TT, Registered in England and Wales, Company number 00146087. Watches of Switzerland is a trading name of Watches of Switzerland Company Limited.
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