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Of all the superyacht projects over 164 feet that are in build or on order, Russians make up 17 percent of all owners, according to Boat International. Russian oligarchs account for a significant portion of the global superyacht market. The 511-foot Dilbar, which is likely the largest superyacht in the world, is currently under orders to remain in port at Hamburg as officials there try to determine its ownership. Meanwhile, sanctioned steel baron Alexei Mordashov's 213-foot Lady M was seized by Italian authorities Friday while moored in the Riviera port town of Imperia.Īnd in Sanremo, Italy, authorities seized the Lena, a yacht belonging to Putin ally and oil billionaire Gennady Timchenko. He is seen above cruising with Belarusian leader Alexander Lukashenko aboard the yacht Chayka, which is owned by the Russian government and normally docks in Sochi Putin is know to be fond of luxury yachts. However, the ship's British captain, Guy Bennett-Pearce, denied that Putin owns the Scheherazade or has ever been on board, telling the New York Times: 'I have never seen him. The source said that the Scheherazade's crew appear to be Russian, and that a team of Germans working on repairs to the vessel were recalled by their home office after the EU announced its sanctions last week. 'All the whispers were it belonged to Putin,' the person said.
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The $700 million yacht, Scheherazade, is one of the largest and most expensive superyachts in the world, and since its launch in 2020, its true ownership has been cloaked in absolute secrecy.Ĭurrently docked for repairs at the Italian Sea Group shipyard in Marina di Carrara, Italy, the Scheherazade is protected by measures that are extreme even by the ultra-private standards of the superyacht world, with covers hiding its nameplate and a metal barrier erected to partially block the vessel from public view.įor more than a year, workers at the shipyard have speculated that the ship belongs to Putin himself, a source there told this week. Italian authorities are currently probing whether a mysterious superyacht docked in a northern port should be seized under sanctions against Russia, following speculation that it could belong to Vladimir Putin himself.
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