Most of the yachts are registered through offshore vehicles and docked in far-flung locales.
It’s still unclear whether the EU, the U.S. or the U.K. will declare additional sanctions on other individuals. As recently as February 28,tracked the wealth of more than 100 Russian billionaires. Using data from yacht valuation experts VesselsValue,has compiled a list of every yacht owned by Russian-born billionaires and recent dropoffs—both those that have been sanctioned and those that have not.
“Technically speaking, these yachts are owned by a special purpose vehicle, often being in a different jurisdiction to the beneficial owner,” Tucker said. “There are also lease systems, which further distance the [owner] from the asset.” Lease systems are legal structures commonly used to purchase yachts, allowing individuals to own a yacht through a separate company—often registered in places such as Malta and Cyprus—that then leases the yacht to the individual.
While the Russian economy crashes under the weight of sanctions, yachts owned by the country’s billionaires are anchored in much sunnier climes: everywhere from Monaco and Barcelona to Dubai and the Seychelles. Here is a list of all of the yachts owned by Russian billionaires and billionaires born in Russia tracked by
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