The Russian oligarchy finds itself paying the price for Russian leader Vladimir Putin’s invasion of Ukraine, which has triggered sanctions from the international community against Kremlin-tied billionaires and financial institutions left and right. And sadly for those oligarchs, Putin doesn’t seem particularly interested in their plight.
With many of their assets abroad frozen, some of Russia’s most obscenely wealthy find their lavish million-dollar superyachts are now in danger of being yanked away by the countries where they were docked or, in at least one case, just straight-up sabotaged by normal citizens out of protest.
The Big Bear
Owner: Alexey Kuzmichev, a cofounder of Alfa-Bank, Russia’s largest private bank
Worth: €70 million (about $76.9 million)
What happened: French authorities seized the 26-meter (85-foot) yacht in Antibes in southeast France on March 21, according to AFP and French media outlet BMF TV.
The Little Bear
Owner: Alexey Kuzmichev, a cofounder of Alfa-Bank, Russia’s largest private bank
Worth: €20 million (about $22 million)
What happened: French authorities seized the 17-meter (56-foot) yacht in Cannes, a port city in southeast France, on March 16, according to AFP and French media outlet BMF TV.
The Axioma
Owner: Dmitrievich Pumpyansky, the owner of Russian steel pipe manufacturer TMK
Worth: $75 million
What happened: Local authorities seized it at Gibraltar, a British overseas territory on the southern coast of Spain, on March 21. The government told Insider and Reuters that the 236-foot yacht was “was confirmed to be the subject of an arrest action by a leading international bank in the Supreme Court of Gibraltar.”
Sadly, that means that Pumpyansky and his cronies are now deprived of the 3D movie theater, infinity pool, Jacuzzi with a swim-up bar, steam and massage rooms and jet skis the megayacht comes with (per yacht brokerage Northrop & Johnson).
The Crescent
Owner: Unconfirmed, but Reuters reports that it’s believed to belong to Igor Sechin, the CEO of the Russian oil giant Rosneft. If that’s true, that’ll be the second yacht Sechin’s lost in Europe’s yacht hunt.
Worth: $600 million
What happened: Spanish authorities seized it at the port of Tarragona on March 16.
At 443 feet, the Crescent is one of the top 25 biggest yachts in the world, and it can hold up to 18 guests in nine suites. The mega-yacht comes with a beach club, a beauty salon, a pool and a movie theater.
And of course we can’t forget the two helipads and a retractable helicopter hangar.
The Lady Anastasia
Owner: Aleksander Mikheev, the CEO of the Russian weapons exporter Rosoboronexport
Worth: $7 million
What happened: The Spanish authorities seized it at a port in Mallorca on March 15, a little over two weeks after the yacht’s own chief mechanic, who is Ukrainian, tried to sink the 157-foot boat on Feb. 26.
The mechanic, Taras Ostapchuk, told the court and the media after his arrest that he’d been enraged by footage he saw of a Russian missile attack on an apartment in Kyiv and believed that the rocket could’ve been provided by his own boss. Ostapchuk said he sought revenge by opening two of the ship’s valves in the engine room and crew area, and telling the other crew members (some of whom were Ukrainian too) to abandon ship. Some workers got law enforcement to intervene before it could sink.
Ostapchuk isn’t sorry about any of it.
“I don’t regret anything I’ve done and I would do it again,” he told the court.
The Valerie
Owner: Sergei Chemezov, the CEO of Russian state defense conglomerate Rostec and a former KGB agent, according to Reuters and the Associated Press
Worth: $153 million
What happened: Spain got in on the action and seized its first yacht on March 14 in Barcelona, according to Spanish Prime Minister Pedro Sánchez, who announced that law enforcement had “temporarily immobilized” the 279-foot boat. He also promised that “there will be more to come.”
Valerie has two master suites, 7 guest suites, a beach club (which includes a pool, lounge, Jacuzzi and a bar), a spa, gym and a helipad (of course), according to SuperYachtsMonaco.
Sailing Yacht A (‘SY A’)
Owner: Andrey Melnichenko, the founder of fertilizer producer EuroChem Group and coal company SUEK
Worth: $578 million
What happened: Italian authorities seized it at the port of Trieste in northeastern Italy on March 11.
At 469 feet, SY A is world’s largest sailing yacht in the world, according to SuperYachtFan. In addition to a spa and gym (pffft, how basic), the megayacht has an underwater observation pod, according to its manufacturer, Nobiskrug.
Oh, and it comes with four “tenders” (aka smaller support yachts that go with your big yacht): A private tender for the owner, two luxury limousine tenders for guests and a tender to help the crew work on the big yacht.
The Lady M
Owner: Alexey Mordaschov, the chairman of the Russian steel company Severstal
Worth: 65 million Euros ($70.7 million)
What happened: Italian authorities seized it in the port of Imperia in northwestern Italy on March 4.
This 215-foot yacht was impounded as part of the Italian government’s sweep of five Russian oligarchs’ assets (worth total $156 million) in the country on March 4, during which a second yacht belonging to a different oligarch was seized at another port nearby. Law enforcement also took the oligarchs’ luxury villas during the operation.
The Lena
Owner: Gennady Timchenko, owner of Volga, a private investor group that holds interests in energy and transportation industry
Worth: 50 million Euros ($54.4 million)
What happened: Italian authorities seized it at the port of Sanremo on March 4.
Timchenko was in good company that day; the Italian government had taken fellow billionaire Alexey Mordaschov’s yacht during the same sweep.
The Dilbar
Owner: Alisher Usmanov, a steel and iron ore investor
Worth: Nearly $600 million
What happened: The crew, which could no longer be paid thanks to the sanctions, got laid off on March 7, according to Forbes and Bloomberg, and now the lonely superyacht’s stranded in the shipyard in Hamburg, Germany where it was being refitted.
Forbes reported last week that the yacht had been seized by the German government, but Hamburg authorities disputed that report. Forbes has since published an update stating that a spokesperson for Usmanov confirmed that the yacht was still docked at the shipyard.
The 512-foot Dilbar, which was custom made for Usmanov, is the world’s biggest yacht by tonnage (15,917 tons) and can carry up to 120 people at full capacity. It has the biggest swimming pool ever installed on a yacht, a garden and not one, but two helicopter pads (you know how it goes when several of your helicopter-owning guests try to fly to your yacht at the same time).
The Amore Vero
Owner: Igor Sechin, the CEO of the Russian oil giant Rosneft
Worth: $120 million, according to SuperYachtFan
What happened: French customs officials seized it at the Cote D’Azur, where it had been docked for repairs, on March 2.
This 280-foot yacht has seven suites that can accommodate up to 14 people (owner and guests). It’s also got a beauty salon, a gym and an elevator.
This post will be updated as we learn about the fates of more yachts.
