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Tag "Sanctions"

Seized yachts: What we know so far

Seized yachts: What we know so far

More than 50 yachts, valued in billions of dollars, have been detained worldwide in connection with sanctions imposed after the Russian invasion of Ukraine, according to a Superyacht Investor investigation. Governments have formally and publicly seized 15 superyachts, with a

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As sanctions bite, what happens to Russian-owned superyachts?

As sanctions bite, what happens to Russian-owned superyachts?

In the past eight weeks at least 25 Russian superyachts have been seized, arrested or detained by governments, banks and law enforcement agencies. This includes 12 under construction in the Netherlands. It also includes Dilbar (pictured above) (linked to sanctioned Russian

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Thousands of crew affected by Russia sanctions

Thousands of crew affected by Russia sanctions

Up to 4,500 crew working on superyachts owned by Russians are being impacted by sanctions imposed after the invasion of Ukraine. Some have reportedly lost their jobs, while others fear non- payment of their wages, according to industry sources consulted

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First superyacht seized in UK waters under sanction rules

First superyacht seized in UK waters under sanction rules

A Russian-owned superyacht has been seized in UK waters for the first time today, on the orders of UK transport secretary Grant Shapps. The 192ft (58.5m) $50m yacht Phi, owned by an unnamed Russian business man, was arrested at Canary

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Oligarchs: UBO sightings on the rise, seizures follow

Oligarchs: UBO sightings on the rise, seizures follow

No not unidentified flying objects (UFO). It’s ultimate beneficial owners (UBO), namely oligarchs, who have been sought out in recent weeks. Whilst sanctions lists have grown in response to the intensifying conflict in Ukraine, governments have been arresting and seizing

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SYI Town Hall: Superyachting grapples with sanctions

SYI Town Hall: Superyachting grapples with sanctions

Superyachting is struggling to fathom the impact of sanctions imposed in the wake of the Russian invasion of Ukraine, after the seizure of several superyachts in Europe and a warning from US president Joe Biden. Speakers at Superyacht Investor Town

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Oligarchs’ superyachts: The net begins to close

Oligarchs’ superyachts: The net begins to close

The net is beginning to close on some Russian oligarch’s superyachts, as sanctions imposed by the US, EU, UK and other nations begin to bite. Two vessels were seized in Europe and others are relocating to countries with no US

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