Russian oligarch Eugene Shvidler’s two private jets were recently seized. It was then that he had to draw a line. His superyacht Le Grand Bleu is now missing. The last location of the boat was around Puerto Rico. Meanwhile, Russian oligarch Suleiman Kerimov was not so lucky. After a lengthy search, his $300 million superyacht was seized in Fiji.
What Russian assets are Western governments seizing?
Western governments scooped up private jets, yachts, property and bank accounts from oligarchs after Russia invaded Ukraine. The Biden administration created the “KleptoCapture” task force in March. His charge is to track down the oligarch’s assets.
“Last month, I issued a warning that the department had its eyes on every yacht purchased with dirty money,” Deputy Attorney General Lisa Monaco said in a statement. “This yacht seizure should tell all corrupt Russian oligarchs that they cannot hide, even in the most remote part of the world. We will use all means to enforce the sanctions imposed in response to Russia’s unprovoked and unjustified war in Ukraine.
The boat of this Russian oligarch has disappeared
This would include Shvidler’s superyacht, although her current whereabouts are unknown. His last whereabouts were in Puerto Rico, according to NBC. At 370 feet it should be easy to spot. Despite her age, she was until recently considered one of the longest yachts ever built.
The length accommodates two helipads (not one!), two mega-tenders, an owner’s bed that also features a sliding ceiling above and a glass-bottomed viewing deck. Where does the money for all this come from? In the 1990s, the Russian oil industry was privatized. The oligarchs thus gained billions of dollars.
Kerimov was the beneficiary of this largesse. He was in the right place at the right time and had many other oil billionaires as friends. But now that association is getting him in trouble with various world powers over sanctions.
This Russian boat was hooked recently
As for the seized superyacht dubbed Amadea, it was the smaller 350-foot variety. Kerimov, according to the US Treasury, helped Russia through corruption, as well as the annexation of Crimea. This helped him to take an official position with the Russian government.
This yacht can accommodate 16 people in eight cabins. The Amadea was last registered in Cayman and is also believed to be worth $300 million.
Superyacht Dilbar is another boat seized
German authorities seized another oligarch yacht last month. Believed to belong to Russian billionaire Alisher Usmanov, after a thorough investigation into its registration, Usmanov’s sister Gulbakhor Ismailova was the owner.
This one surpasses the other two with a length of 500 feet. It also has two helipads. The US Treasury Department estimates its value at nearly $750 million.
So what can we learn from all of this? Being a Russian oligarch is a good gig until your puppeteer invades a country for no reason. So that’s not the case.
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