NewsBite

How Russia’s oligarchs are steering their super yachts to safety

London | If you’re a Russian oligarch, Western sanctions are giving you all sorts of problems right now. One of them is this: your super yacht is very, very large, and not particularly fast, but you’ve got to find somewhere safe to stash it – very, very quickly.

The man with the biggest nautical neuralgia is Roman Abramovich, who has two yachts to contend with, and whom the European Union added to its sanctions list on Tuesday.

Loading...
Hans van Leeuwen is The Australian Financial Review’s former Europe correspondent. He is now International Economy editor for The Telegraph UK.

Read More

Latest In Europe

Fetching latest articles

Most Viewed In World

    Original URL: https://www.afr.com/world/europe/how-russia-s-oligarchs-are-steering-their-super-yachts-to-safety-20220316-p5a4z6