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Oleg Deripaska’s superyacht keeps sailing as sanctions take hold

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Clio, a $65 million superyacht tied to Oleg Deripaska, the Russian aluminum billionaire whose ties to Vladimir Putin put him on sanctions lists, is back on the road after dropping anchor off the Maldives is.

The 239-foot yacht had been in the Indian Ocean for at least two months when control tightened around Deripaska and other oligarchs close to the Russian president following the February 24 invasion of Ukraine.

Clio dropped anchor in Göcek, Turkey on Saturday morning local time and is now sailing in the region, according to vessels data analyzed by Bloomberg News.

Deripaska, under US sanctions since 2018, heads an industrial conglomerate that includes a major supplier of military equipment to Russia.

He is a major shareholder in Russian energy giant En+, which ultimately owns the Aughinish alumina refinery in Co. Limerick.

The European Union sanctioned him earlier this month on the same day the bloc targeted Putin’s adult daughters. The US and EU have imposed sanctions on tycoons and those accused of enabling Moscow’s war in Ukraine.

Authorities in the US and allies in Britain, Italy, France and Germany are trying to locate the luxury boats and other belongings of Russian magnates.

Almost a dozen yachts have already been confiscated.

Italian authorities arrested a €530 million superyacht owned by Russian billionaire Andrey Melnichenko, while Spain seized Viktor Vekselberg’s $90 million Tango and $600 million Crescent believed to belong to Igor Sechin, head of the in Moscow-based Rosneft Oil Co.

A representative of Melnichenko said he had no political affiliation and would contest his inclusion on the EU sanctions list.

Clio, which sleeps 18 and has its own elevator, previously appeared to be underway around March 20, heading northwest from the Maldives.

On March 21, its automatic identification system, or AIS, displayed a message that would have been typed in by the crew, indicating there were “armed security forces” on board, according to data compiled by Bloomberg. This message is not uncommon to ward off pirates in the region.

A few days later the AIS showed that Clio was headed for Dubai before making a U-turn to the south and indicating that it was headed for Mumbai.

It then made its way back to Male, the capital of the Maldives, where it anchored before sailing 3,000 miles (4,828 kilometers) northwest through the Red Sea and the Suez Canal to Port Said.

Actions by the US and its allies have scattered Russian yachts to places thought less likely to seize the pleasure boats, including parts of the Middle East and the Caribbean, according to space-based analytics and data firm Spire Global Inc.

According to industry watcher The Super Yacht Group, Russian-owned megayachts account for up to 10 percent of the global fleet.

Fijian authorities were surprised this week by the arrival of the $325 million Amadea yacht, owned by sanctioned gold magnate Suleiman Kerimov, local media reported. Fiji port requirements state that any yacht arriving in the country must obtain a permit from the government ministries.

The Turkish coast appears to be a popular destination for Russian yachts, including Roman Abramovich’s Solaris.

Many ships owned by sanctioned moguls have gone dark and stopped broadcasting their locations, in violation of international maritime law.

https://www.independent.ie/business/world/oleg-deripaskas-superyacht-sails-on-as-sanctions-bite-41561046.html Oleg Deripaska’s superyacht keeps sailing as sanctions take hold

Fry Electronics Team

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