Fleeing Sanctions, Oligarchs Seek Safe Ports for Superyachts

WASHINGTON — 

The superyacht Dilbar stretches nearly 140 meters in length. It has two helipads, berths for more than 130 people and a 25-meter swimming pool that itself can accommodate another superyacht.

Dilbar was launched in 2016 at a reported cost of more than $648 million. Five years later, its purported owner, the Kremlin-aligned Russian oligarch Alisher Usmanov, was already dissatisfied. He sent the vessel to a German shipyard last fall for a retrofit reportedly costing several hundred million dollars.

Dilbar was in drydock on Thursday when the United States and European Union announced economic sanctions against Usmanov — a metals magnate and early investor in Facebook — over his ties to Russian President Vladimir Putin and in retaliation for the Kremlin’s invasion of Ukraine.

“We are joining with our European allies to find and seize your yachts, your luxury apartments, your private jets,” President Joe Biden said during his State of the Union speech Tuesday night, addressing Russian oligarchs. “We are coming for your ill-begotten gains.”

Seizing the behemoth boats could prove challenging. Russian billionaires have had decades to shield their money and assets in the West from governments that might try to tax or seize them.

Several media outlets reported last week that German authorities had impounded the Dilbar. But a spokesperson for Hamburg state’s economy ministry told The Associated Press no such action had yet been taken because it had been unable to establish ownership of the yacht.

Dilbar is flagged in the Cayman Islands and registered to a holding company in Malta, banking havens where the global ultra-rich often park their wealth.

The Stella Maris yacht belonging to Rashid Sardarov is docked in Nice, France, Tuesday, March 1, 2022.

Working with the U.K.-based yacht valuation firm VesselsValue, the AP compiled a list of 56 superyachts — generally defined as luxury vessels exceeding 24 meters in length — believed to be owned by a few dozen Kremlin-aligned oligarchs. The yachts have a combined market value estimated at more than $5.4 billion.

The AP then used two online services — VesselFinder and MarineTraffic — to plot the last known locations of the yachts as relayed by their onboard tracking beacons.

Many are anchored in the Mediterranean and Caribbean. But more than a dozen were underway or had already arrived in remote ports in small nations such as the Maldives and Montenegro, potentially beyond the reach of Western sanctions. Three had gone dark, their transponders last pinging just outside the Bosporus in Turkey — gateway to the Black Sea and the southern Russian ports of Sochi and Novorossiysk.

Graceful, a German-built Russian-flagged superyacht believed to belong to Putin, left a repair yard in Hamburg, Germany, on Feb. 7, two weeks before Russia invaded Ukraine. It is now moored in the Russian Baltic port of Kaliningrad, beyond the reach of Western sanctions imposed against him this past week.

French authorities seized the superyacht Amore Vero on Thursday in the Mediterranean resort town of La Ciotat. The boat is believed to belong to Igor Sechin, a Putin ally who runs Russian oil giant Rosneft, which has been on the U.S. sanctions list since Russia annexed Crimea in 2014.

The French Finance Ministry said in a statement that customs authorities boarded the 88-meter Amore Vero and discovered its crew was preparing for an urgent departure, even though planned repair work wasn’t finished.

The 65-meter Lady M was seized by Italian authorities Friday while moored in the Riveria port town of Imperia. In a tweet announcing the seizure, a spokesman for Italian Prime Minister Mario Draghi said the yacht was the property of sanctioned steel baron Alexei Mordashov, listed as Russia’s wealthiest man with a fortune of about $30 billion.

But Mordashov’s larger superyacht, the 141-meter Nord, was safely at anchor on Friday in the Seychelles, a tropical island chain in the Indian Ocean not under the jurisdiction of U.S. or EU sanctions. Among the world’s biggest superyachts, Nord has a market value of $500 million.

“No, no self-respecting Russian oligarch would be without a superyacht,” said William Browder, a U.S.-born and now London-based financier who worked in Moscow for years before becoming one of the Putin regime’s most vocal foreign critics.

The yacht Amore Vero is docked in the Mediterranean resort of La Ciotat, France, March 3, 2022.

Russian metals and petroleum magnate Roman Abramovich is believed to have bought or built at least seven of the world’s largest yachts, some of which he has since sold off to other oligarchs.

Dennis Cauiser, a superyacht analyst with VesselsFinder, said the escalating U.S. and EU sanctions on Putin-aligned oligarchs and Russian banks have sent a chill through the industry, with boatbuilders and staff worried they won’t be paid. It can cost upwards of $50 million a year to crew, fuel and maintain a superyacht.

Most of the Russians on the annual Forbes list of billionaires have not yet been sanctioned by the United States and its allies, and their superyachts are still crushing the world’s oceans. The 72-meter-long Stella Maris, which was seen by an AP journalist docked this past week in Nice, France, is believed to be owned by Rashid Sardarov, a Russian billionaire oil and gas magnate.

The crash of the ruble and the tanking of Moscow stock market have depleted the fortunes of Russia’s elite. Cauiser said he expects some oligarch superyachts will soon quietly be listed by brokers at fire-sale prices.

On Thursday, the U.S. Treasury Department issued a new round of sanctions that included news release citing Usmanov’s close ties to Putin and photos of Dilbar and the oligarch’s private jet, a custom-built 64-meter Airbus A340-300 passenger liner.

“I believe that such a decision is unfair and the reasons employed to justify the sanctions are a set of false and defamatory allegations damaging my honor, dignity and business reputation,” Usmanov said in a statement issued through the website of the International Fencing Federation, of which he has served as president since 2008.

Abramovich has not yet been sanctioned. Members of the British Parliament have criticized Prime Minister Boris Johnson for not going after Abramovich’s U.K.-based assets, which include the professional soccer club Chelsea. Under mounting pressure, the oligarch announced this past week he would sell the $2.5 billion team and give the net proceeds “for the benefit of all victims of the war in Ukraine.”

Meanwhile, location transponders showed the 162-meter Solaris — launched by Abramovich in 2010 with an undersea bay that reportedly holds a mini-sub – was moored in Barcelona, Spain, on Saturday. Abramovich’s $600 million Eclipse, eight stories tall and on the water since last year, set sail from St. Maarten late Thursday and is under way in the Caribbean Sea, destination undisclosed.

Blinken Hears Harrowing Tales From Refugees Fleeing Ukraine

Korczowa, Poland — 

U.S. Secretary of State Antony Blinken on Saturday visited a welcome center set up by Polish authorities in what once was a shopping mall in Korczowa, close to the border with Ukraine, where roughly 3,000 refugees are taking shelter after the Russian invasion of their homeland.

While at the border later, Blinken stepped briefly onto Ukrainian soil to meet Foreign Minister Dymtro Kuleba, who predicted Russia would be defeated but appealed for more military assistance to lower the cost in lives that he said victory will require.

At the refugee center, America’s top diplomat heard harrowing tales from mothers and their children who described long and perilous journeys — and the shock of the sudden disruption and the fear for their lives — after fleeing the devastation of the war.

“Near our home we heard bombs,” said Venera Ahmadi, 12, who said she came with her brother and sister, six dogs and seven cats from Kyiv, the capital of Ukraine, more than 600 kilometers (372 miles) away. “We walked to the border, I don’t know how many hours. We crossed the border on foot.”

Her 16-year-old sister, Jasmine, said: “I was scared I would die.”

Natalia Kadygrob, 48, reached the center with her four adopted children from Kropyvnytskyi, almost 800 kilometers (about 500 miles) by bus on their way to her brother’s home in Germany. Her husband stayed behind.

“There they bombed planes at the airport,” she said. “Of course we were afraid.”

Tatyana, 58, who wouldn’t give her last name, came with her daughter, Anna, 37, and her 6- and 1-year-old daughters, Katya and Kira, from Kharkiv, about 1,000 kilometers (621 miles) away. “They were shooting on the street,” Tatyana said. Anna said her home had been destroyed by a shell or a rocket.

She was in the basement with her daughters when the explosion happened. “They should be in school,” Anna said. “They are children, they don’t understand.”

Blinken then met with Kuleba on a visit to the Korczowa border crossing where Polish authorities escorted small groups of refugees — about 20 at a time — across the frontier from the Ukrainian town of Krakovets as sporadic snow flakes fell from a gray sky.

Groups mainly of women, children and elderly men — grimly rolling their possessions in luggage and carrying infants and the occasional family pet — made their way into makeshift processing centers set up in tents on Polish territory.

The foreign minister said he wanted to convey a simple message: “Ukraine will win this war because this is the people’s war for their land and we defend the right course.” He added, “The question is the price, the price of our victory.”

Kubela said that if Ukraine’s allies “continue to take bold, systemic decisions to step up economic and political pressure on (Russia), if they continue to provide us with necessary weapons, the price will be lower” and “this will save many lives in Ukraine.”

Blinken praised Kuleba, President Volodmyr Zelenskyy and other officials for their courage and “inspiring” leadership during the crisis. He said support for Ukraine and pressure on Russia to end the war would increase “until this war of choice is brought to an end.”

Kuleba thanked Blinken for the support so far but said Ukraine needed even more if his country’s predicted victory was not to come at too high a cost. He lamented that NATO on Friday had rejected appeals from nonmember Ukraine and others to set up a no-fly zone over the country.

“We are now in the phase where maybe saying ‘No, we’re not going to do that’, but the time will come,” Kuleba said. “It’s again the issue of price. It is the people of Ukraine who will pay the price for the reluctance of NATO to act.”

Blinken earlier was in the city of Rzeszow for talks with Polish Prime Minister Mateusz Morawiecki and Foreign Minister Zbigniew Rau a day after attending a NATO foreign ministers’ meeting in Brussels. The alliance pledged to step up support for eastern flank members such as Poland to counter the Russian invasion. Poland is seeking more U.S. forces on its territory, where there are currently more than 10,000 American troops.

Rau said Poland had already taken in more than 700,000 refugees from Ukraine and that he expected hundreds of thousands more in the coming weeks unless Russia backs down.

“Poland will never recognize territorial changes brought about by unprovoked, unlawful aggression,” he said, adding that his country will demand that alleged Russian war crimes committed in Ukraine will be prosecuted.

Morawiecki and Blinken discussed stepping up sanctions and freezes of assets on Russia, which Morawiecki said should be “crushing” for Russia’s economy. No Russian banks should be exempted from the exclusions from the SWIFT system, he said. Currently, all but the largest Russian banks have been kicked off the financial messaging service.

Ukraine: Colombian mother and daughter drama for fleeing Kiev after Russian attack – Colombia

The sounds of the bombs woke up the inhabitants of Kiev (Ukraine) on Thursday morning. The fear of a war, which for the last few weeks had kept the Ukrainians in uncertainty, began to materialize in the last few hours after the Russian attacks and invasions of their territory.

Almost immediately, thousands of people, who already had their bags packed, decided to leave their homes and flee the war that, according to the latest reports, leaves 57 Ukrainians dead and 169 wounded. Kiev highways collapsed, as there is fear of a bombing in the country’s capital.

(Also: Russia – Ukraine: Officials estimate that Kiev will fall in a matter of hours)

But not everyone has been able to get out. They have no way to do it and they are also afraid to do it. “Everything is dangerous,” says Olia Kovtun, a Ukrainian citizen who is trapped with her Colombian daughter, a three-year-old girl.

(Due to the public interest that the events between Russia and Ukraine arouse, all our coverage of that invasion and related actions will have free access for all readers of EL TIEMPO)

Although the Colombian government has said that it will evacuate the 68 nationals who are in the territory at war, as well as the 28 foreigners who are part of their family nucleus, it has also said that this must be done by traveling to Poland, or other countries. , but for those who are in the crossfire, this is not easy.

(You may be interested: UN nuclear agency calls for “maximum moderation” at the Chernobyl plant)

I need to go with my daughter who is 3 years old. So that worries me, although I found some cars, it is dangerous

“It’s not easy to go. There are no cars, no buses, no trains, everything is busy,” says the woman, who adds that this is compounded by the difficulty and dangers involved in traveling with her baby, whose father is Colombian and currently It is in our country.

Among the communications he had with the Colombian authorities for his evacuation, they assured him that it was necessary to go to Poland because it was not yet known whether it was possible to organize transportation from the Ukrainian capital.

“But it is difficult to go from here to Lviv – a city 70 kilometers from the border with Poland – because I need to go with my daughter who is 3 years old. So that worries me, although I found some cars, it is dangerous.”

(Also read: Russian-Ukrainian war live: at least 57 Ukrainians killed and 169 wounded)

So for now, he will follow other recommendations, such as staying home while he finds a way to travel, despite the dangers that this also means.

Kovtun says that this Thursday there was a small food shortage and, in addition, the prices of what was left rose. “I think it was because everyone wanted to buy, just in case,” he says.

Rows in supermarkets and pharmacies in Kiev this Thursday.

Regarding what is happening in the city, the woman narrates that there are people who still do not believe what is happening, despite the bombings and the news, which show that there are other regions where this war is already being experienced with greater intensity.

“People are in shock. Older people don’t want to believe that something bad is going to happen. They all want to leave, some go to other towns, others to a different country. But there are also men who want to fight for their land, of these there are many young people. Some of my friends and their families received a call to go to the military isolation office”.

(In other news: Russia’s attack on Ukraine: traffic jams and panic on the outskirts of Kiev)

For now, Kovtun hopes to get some sleep at night and early morning so that he can leave his house on Friday and try to find a safe means of transportation. However, she calls on the Colombian authorities to help her, her daughter and the other Colombians who cannot travel to Poland.