Russian Oligarchs & Their Superyacht Seizures

13th March 2022

An artist's impression of the newest superyacht in the world - 80 metres - under construction in Italy

There are over 5,000 superyachts in the world, of which Russian oligarchs own a relatively small number – over 50 according to estimates.

These are subject to sanctions by the EU and the USA and a number have been seized this week.

Crew recruitment agencies have suspended contacts with Russian superyacht owners, one of whom is Vladimir Putin, whose vessel is beyond the reach of sanctions – in Russia itself.

Superyacht Amore Vero - seized in France

World’s largest superyacht

The world’s largest superyacht, by volume, the Dilbar, owned by Russian Oligarch Alisher Usmanov’s superyacht is stuck in Hamburg in Germany where it has been undergoing a refit.

The State of Yachting - Superyachts Report

The U.S. Treasury has valued it at between $600 and $700 million. The crew of 80 left after EU and US sanctions stopped wages being paid. Usmanov, (68), is the sixth-richest Russian with a fortune of $17.8 billion, according to Bloomberg Billionaires Index.

Afloat.ie · Russian Oligarchs & Their Superyacht Seizures

Superyacht Lady M seized in Italy

Published in Tom MacSweeney, Superyachts

Published in Tom MacSweeney

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Superyachts

About The Author

Tom MacSweeney

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Tom MacSweeney writes a column for Afloat.ie. He is former RTE Marine Correspondent/Presenter of Seascapes and now has a monthly Podcast on the Community Radio Network and Podcast services

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