🚨 EXCLUSIVE READ 🚨 Not that long ago, a week in the life of a Russian billionaire might have involved flitting between a lavish Moscow dacha, a sprawling Belgravia mansion and a sun-drenched Monaco villa. But now? Not so much...
Men like Roman Abramovich, Igor Sechin and Alisher Usmanov have enjoyed vast wealth in Vladimir Putin’s Russia – and they all share a common passion Not that long ago, a week in the life of a Russian billionaire might have involved flitting between a lavish Moscow dacha, a sprawling Belgravia mansion and a sun-drenched Monaco villa.
Europe has benefited. According to industry title Yachting Pages, the 10 best luxury ship-building yards in the world are all in either Italy, Germany or the Netherlands.In 2004, aluminium magnate Oleg Deripaska took receipt of a £50 million boat constructed on a yard in Bremen. In 2015, Alisher Usmanov – an Uzbek-born industrialist who rose to become one of Russia’s richest men and investor in two Premier League football clubs – paid a reported £610 million for the Dilbar, the largest bespoke yacht ever built.
The Nord, reportedly owned by the sanctioned Russian oligarch Alexei Mordashov, made it back to Vladivostok, Russia, before the sanctions kicked in In 2021, Forbes put 117 Russian billionaires on its rich list, just 19 short of Germany despite the fact its economy was two-and-a-half times smaller. ‘I don’t think they bought them mindful of the fact they might be sanctioned’, Keatinge said, but where they turn up ‘highlights the fact that there are actually very few countries in the world which are willing to support the West’s actions in supporting Ukraine’.
Despite the use of instruments which obfuscate ownership, Keatinge said he thought governments were doing a good job of identifying yachts in the face of huge difficulties. Despite the sanctions against hundreds of individuals linked to Russian business, politics and military, the war rages on.
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